Stephens Investment Management Group LLC Has $71.37 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Stephens Investment Management Group LLC lowered its stake in Deckers Outdoor Co. (NYSE:DECK) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351,427 shares of the textile maker’s stock after selling 45,534 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Deckers Outdoor were worth $71,371,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DECK. JPMorgan Chase & Co. boosted its position in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after buying an additional 1,170,855 shares in the last quarter. City Center Advisors LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at $575,000. B. Riley Wealth Advisors Inc. grew its position in Deckers Outdoor by 506.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock worth $1,060,000 after acquiring an additional 5,574 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Deckers Outdoor by 512.9% in the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock worth $63,371,000 after purchasing an additional 332,590 shares in the last quarter. Finally, Cadent Capital Advisors LLC raised its position in Deckers Outdoor by 116.8% in the fourth quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock valued at $1,316,000 after purchasing an additional 3,491 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Down 2.3 %

Shares of NYSE DECK opened at $168.18 on Friday. The firm has a market cap of $25.52 billion, a PE ratio of 27.26, a P/E/G ratio of 1.93 and a beta of 1.07. The company’s fifty day simple moving average is $203.55 and its 200 day simple moving average is $141.18. Deckers Outdoor Co. has a 12-month low of $131.39 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, equities analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DECK shares. Jefferies Financial Group boosted their price target on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Barclays upped their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. KeyCorp lifted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Wells Fargo & Company reduced their price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,956 shares of company stock valued at $10,387,731. Company insiders own 0.40% of the company’s stock.

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.