E Fund Management Co. Ltd. Decreases Position in Deckers Outdoor Co. (NYSE:DECK)

E Fund Management Co. Ltd. cut its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 39.0% during the fourth quarter, HoldingsChannel reports. The firm owned 3,941 shares of the textile maker’s stock after selling 2,519 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Deckers Outdoor were worth $800,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DECK. Farther Finance Advisors LLC raised its position in Deckers Outdoor by 2,037.5% during the third quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker’s stock valued at $327,000 after purchasing an additional 1,956 shares during the period. Van ECK Associates Corp raised its position in Deckers Outdoor by 562.6% during the third quarter. Van ECK Associates Corp now owns 39,586 shares of the textile maker’s stock valued at $5,976,000 after purchasing an additional 33,612 shares during the period. QRG Capital Management Inc. raised its position in Deckers Outdoor by 602.4% during the third quarter. QRG Capital Management Inc. now owns 10,227 shares of the textile maker’s stock valued at $1,631,000 after purchasing an additional 8,771 shares during the period. Amalgamated Bank raised its position in Deckers Outdoor by 492.8% during the third quarter. Amalgamated Bank now owns 32,805 shares of the textile maker’s stock valued at $5,231,000 after purchasing an additional 27,271 shares during the period. Finally, Advisor Resource Council purchased a new stake in Deckers Outdoor during the third quarter valued at approximately $238,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 3.9 %

Shares of NYSE DECK opened at $126.81 on Friday. The stock has a market capitalization of $19.25 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. The stock’s fifty day simple moving average is $179.75 and its two-hundred day simple moving average is $157.97. Deckers Outdoor Co. has a 12-month low of $122.61 and a 12-month high of $223.98.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. KeyCorp increased their price target on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Stifel Nicolaus increased their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Friday, February 7th. Finally, UBS Group increased their price target on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other news, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,574 shares of company stock valued at $6,485,189. 0.40% of the stock is currently owned by corporate insiders.

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.