First Horizon Advisors Inc. Decreases Holdings in Deckers Outdoor Co. (NYSE:DECK)

First Horizon Advisors Inc. reduced its position in Deckers Outdoor Co. (NYSE:DECK) by 18.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,473 shares of the textile maker’s stock after selling 344 shares during the period. First Horizon Advisors Inc.’s holdings in Deckers Outdoor were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB increased its position in shares of Deckers Outdoor by 495.7% in the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock valued at $151,924,000 after buying an additional 792,849 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Deckers Outdoor by 56.6% in the 3rd quarter. Blue Trust Inc. now owns 736 shares of the textile maker’s stock worth $117,000 after buying an additional 266 shares in the last quarter. Private Advisor Group LLC grew its stake in Deckers Outdoor by 627.0% in the 3rd quarter. Private Advisor Group LLC now owns 5,525 shares of the textile maker’s stock valued at $881,000 after acquiring an additional 4,765 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Deckers Outdoor during the 3rd quarter valued at about $24,865,000. Finally, Dakota Wealth Management raised its position in Deckers Outdoor by 495.5% during the third quarter. Dakota Wealth Management now owns 1,596 shares of the textile maker’s stock worth $254,000 after acquiring an additional 1,328 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 2.1 %

Shares of DECK opened at $143.04 on Wednesday. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The company’s fifty day moving average is $191.14 and its two-hundred day moving average is $153.64. The firm has a market cap of $21.71 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

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

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

DECK has been the topic of several research reports. Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Evercore ISI increased their target price on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Truist Financial cut their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. KeyCorp increased their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.