Deckers Outdoor Co. (NYSE:DECK) Stock Holdings Lifted by ING Groep NV

ING Groep NV lifted its position in Deckers Outdoor Co. (NYSE:DECK) by 52.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,104 shares of the textile maker’s stock after acquiring an additional 10,714 shares during the period. ING Groep NV’s holdings in Deckers Outdoor were worth $6,317,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DECK. Sunpointe LLC purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $267,000. Ieq Capital LLC grew its position in Deckers Outdoor by 29.9% during the fourth quarter. Ieq Capital LLC now owns 8,414 shares of the textile maker’s stock valued at $1,709,000 after purchasing an additional 1,935 shares in the last quarter. Private Advisor Group LLC lifted its stake in Deckers Outdoor by 9.4% in the fourth quarter. Private Advisor Group LLC now owns 6,043 shares of the textile maker’s stock valued at $1,227,000 after acquiring an additional 518 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Deckers Outdoor by 18.9% in the fourth quarter. Global Retirement Partners LLC now owns 4,101 shares of the textile maker’s stock valued at $833,000 after acquiring an additional 651 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Deckers Outdoor by 2.9% in the fourth quarter. Truist Financial Corp now owns 54,321 shares of the textile maker’s stock valued at $11,032,000 after acquiring an additional 1,548 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Trading Down 2.4 %

Deckers Outdoor stock opened at $146.48 on Friday. Deckers Outdoor Co. has a 1 year low of $131.39 and a 1 year high of $223.98. The company has a market cap of $22.23 billion, a PE ratio of 23.75, a PEG ratio of 1.71 and a beta of 1.07. The company’s 50-day moving average is $193.91 and its two-hundred day moving average is $150.21.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, February 7th. Barclays boosted their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Needham & Company LLC restated a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, KeyCorp upped their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.