Intech Investment Management LLC Decreases Holdings in Deckers Outdoor Co. (NYSE:DECK)

Intech Investment Management LLC trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 94.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,249 shares of the textile maker’s stock after selling 233,102 shares during the period. Intech Investment Management LLC’s holdings in Deckers Outdoor were worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DECK. Bell Investment Advisors Inc boosted its position in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the period. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor during the 4th quarter worth $31,000. Brooklyn Investment Group purchased a new stake in Deckers Outdoor during the 3rd quarter worth $36,000. Avior Wealth Management LLC boosted its position in Deckers Outdoor by 2,966.7% during the 3rd quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock worth $44,000 after purchasing an additional 267 shares during the period. Finally, Fortitude Family Office LLC boosted its position in Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares in the company, 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. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on DECK. Wells Fargo & Company decreased their price objective on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Friday, February 7th. Stifel Nicolaus upped their price objective 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. Bank of America upped their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 price objective 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 given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Stock Up 3.4 %

DECK opened at $119.17 on Thursday. The firm has a market cap of $18.09 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a fifty-two week low of $115.00 and a fifty-two week high of $223.98. The company’s 50-day moving average price is $165.87 and its 200 day moving average price is $164.06.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate 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 anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

About Deckers Outdoor

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.