First Citizens Bank & Trust Co. Raises Position in Deckers Outdoor Co. (NYSE:DECK)

First Citizens Bank & Trust Co. boosted its holdings in Deckers Outdoor Co. (NYSE:DECK) by 11.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,917 shares of the textile maker’s stock after purchasing an additional 299 shares during the period. First Citizens Bank & Trust Co.’s holdings in Deckers Outdoor were worth $592,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Solstein Capital LLC lifted its stake in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Bell Investment Advisors Inc lifted its position in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. increased its stake in shares of Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after buying an additional 175 shares during the period. 97.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on DECK shares. Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Bank of America increased their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Guggenheim initiated coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating for the company. Robert W. Baird increased their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Evercore ISI boosted their target price on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.20.

Deckers Outdoor Stock Down 2.4 %

Shares of DECK opened at $212.03 on Tuesday. The stock has a market cap of $32.21 billion, a P/E ratio of 37.29, a P/E/G ratio of 2.98 and a beta of 1.08. The business’s 50 day moving average price is $203.00 and its 200-day moving average price is $131.17. Deckers Outdoor Co. has a 52 week low of $125.15 and a 52 week high of $218.92.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,036 shares of company stock valued at $13,715,482. 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.