Tobam Trims Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Tobam cut its position in Deckers Outdoor Co. (NYSE:DECK) by 53.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,420 shares of the textile maker’s stock after selling 20,062 shares during the quarter. Tobam’s holdings in Deckers Outdoor were worth $3,538,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

DECK has been the subject of a number of recent research reports. BTIG Research downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Needham & Company LLC restated a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial reduced their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. UBS Group boosted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Trading Down 0.2 %

Shares of DECK opened at $172.22 on Friday. Deckers Outdoor Co. has a 1-year low of $131.39 and a 1-year high of $223.98. The firm’s 50-day moving average price is $204.50 and its 200-day moving average price is $139.96. The firm has a market capitalization of $26.16 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.85 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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, research analysts forecast that Deckers Outdoor Co. will post 5.92 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Thomas Garcia sold 18,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the sale, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,956 shares of company stock worth $10,387,731. 0.40% of the stock is currently owned by company insiders.

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.