Deckers Outdoor Co. (NYSE:DECK) Stake Lessened by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECKFree Report) by 13.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 557 shares of the textile maker’s stock after selling 85 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Deckers Outdoor were worth $286,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DECK. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Deckers Outdoor by 82,129.6% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 69,272,670 shares of the textile maker’s stock worth $36,552,417,000 after buying an additional 69,188,427 shares in the last quarter. BlackRock Inc. lifted its position in shares of Deckers Outdoor by 20.9% in the 2nd quarter. BlackRock Inc. now owns 2,951,309 shares of the textile maker’s stock valued at $1,557,288,000 after acquiring an additional 510,292 shares in the last quarter. Morgan Stanley lifted its position in shares of Deckers Outdoor by 213.8% in the 4th quarter. Morgan Stanley now owns 613,351 shares of the textile maker’s stock valued at $244,825,000 after acquiring an additional 417,917 shares in the last quarter. Norges Bank purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at approximately $94,813,000. Finally, Alliancebernstein L.P. lifted its position in shares of Deckers Outdoor by 205.2% in the 2nd quarter. Alliancebernstein L.P. now owns 255,823 shares of the textile maker’s stock valued at $134,988,000 after acquiring an additional 171,999 shares in the last quarter. 95.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 17,978 shares of Deckers Outdoor stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total value of $12,881,596.56. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $70,375,161.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Michael F. Devine III sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $587.00, for a total transaction of $2,348,000.00. Following the completion of the transaction, the director now owns 8,088 shares of the company’s stock, valued at approximately $4,747,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Powers sold 17,978 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total value of $12,881,596.56. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $70,375,161.36. The disclosure for this sale can be found here. Insiders sold 43,895 shares of company stock valued at $29,397,945 in the last three months. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $750.22 on Thursday. The stock has a market capitalization of $19.30 billion, a PE ratio of 32.38, a P/E/G ratio of 1.81 and a beta of 0.95. The business has a fifty day moving average price of $687.51 and a two-hundred day moving average price of $592.61. Deckers Outdoor Co. has a fifty-two week low of $395.90 and a fifty-two week high of $768.41.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its quarterly earnings data on Thursday, October 26th. The textile maker reported $6.82 earnings per share for the quarter, beating the consensus estimate of $4.41 by $2.41. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $960.54 million. Deckers Outdoor had a return on equity of 33.96% and a net margin of 15.51%. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.80 EPS. On average, equities analysts expect that Deckers Outdoor Co. will post 23.62 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on DECK shares. TD Cowen upped their price target on shares of Deckers Outdoor from $689.00 to $705.00 and gave the company an “outperform” rating in a research report on Tuesday, November 28th. Wedbush increased their target price on shares of Deckers Outdoor from $650.00 to $705.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. Truist Financial initiated coverage on shares of Deckers Outdoor in a research report on Friday, November 17th. They issued a “buy” rating and a $735.00 target price for the company. BTIG Research increased their price target on shares of Deckers Outdoor from $650.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Finally, Citigroup lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and increased their price target for the stock from $665.00 to $710.00 in a research note on Friday, December 8th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $680.69.

Check Out Our Latest Research Report on Deckers Outdoor

Deckers Outdoor Company Profile

(Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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