Flputnam Investment Management Co. Trims Position in Deckers Outdoor Co. (NYSE:DECK)

Flputnam Investment Management Co. cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 735 shares of the textile maker’s stock after selling 21 shares during the quarter. Flputnam Investment Management Co.’s holdings in Deckers Outdoor were worth $491,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DECK. BlackRock Inc. increased its holdings in shares of Deckers Outdoor by 2.2% during the 1st quarter. BlackRock Inc. now owns 2,441,017 shares of the textile maker’s stock valued at $1,097,359,000 after purchasing an additional 51,898 shares in the last quarter. Morgan Stanley increased its holdings in shares of Deckers Outdoor by 82.6% during the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after purchasing an additional 527,546 shares in the last quarter. State Street Corp increased its holdings in shares of Deckers Outdoor by 15.0% during the 2nd quarter. State Street Corp now owns 838,595 shares of the textile maker’s stock valued at $442,493,000 after purchasing an additional 109,341 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Deckers Outdoor by 8.9% during the 3rd quarter. Invesco Ltd. now owns 456,957 shares of the textile maker’s stock valued at $234,917,000 after purchasing an additional 37,194 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Deckers Outdoor by 18.0% during the 1st quarter. Wellington Management Group LLP now owns 433,426 shares of the textile maker’s stock valued at $118,658,000 after purchasing an additional 66,072 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DECK has been the subject of several recent research reports. Piper Sandler lifted their target price on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. UBS Group boosted their price target on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Barclays began coverage on shares of Deckers Outdoor in a report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price target for the company. Wells Fargo & Company boosted their price target on shares of Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $930.00 price target on shares of Deckers Outdoor in a report on Thursday, February 15th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $870.93.

Insider Activity

In other news, Director Lauri M. Shanahan sold 3,672 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the transaction, the director now owns 4,515 shares of the company’s stock, valued at approximately $3,757,473.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now directly owns 4,027 shares in the company, valued at approximately $3,399,311.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauri M. Shanahan sold 3,672 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the completion of the sale, the director now owns 4,515 shares in the company, valued at $3,757,473.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,464 shares of company stock valued at $26,229,683. 0.70% of the stock is currently owned by insiders.

Deckers Outdoor Stock Up 0.6 %

Shares of DECK opened at $818.38 on Thursday. Deckers Outdoor Co. has a 52-week low of $424.36 and a 52-week high of $956.17. The firm’s fifty day moving average is $886.18 and its two-hundred day moving average is $732.82. The stock has a market cap of $21.01 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, beating the consensus estimate of $11.40 by $3.71. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.48 EPS. As a group, research analysts anticipate that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

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