Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 16,022 shares of the textile maker’s stock after selling 241 shares during the period. Atria Investments Inc’s holdings in Deckers Outdoor were worth $3,254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in Deckers Outdoor by 3.1% during the 4th quarter. Assetmark Inc. now owns 15,778 shares of the textile maker’s stock worth $3,204,000 after acquiring an additional 479 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Deckers Outdoor by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock worth $203,300,000 after acquiring an additional 32,318 shares in the last quarter. State of Michigan Retirement System grew its holdings in Deckers Outdoor by 1.2% during the 4th quarter. State of Michigan Retirement System now owns 49,700 shares of the textile maker’s stock worth $10,094,000 after acquiring an additional 600 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Deckers Outdoor by 3.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,140 shares of the textile maker’s stock worth $1,247,000 after acquiring an additional 212 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its holdings in Deckers Outdoor by 7.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 10,508 shares of the textile maker’s stock worth $2,134,000 after acquiring an additional 720 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of DECK opened at $126.81 on Friday. The stock has a market capitalization of $19.25 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10. The company’s fifty day moving average is $179.75 and its two-hundred day moving average is $158.89. Deckers Outdoor Co. has a 1 year low of $122.61 and a 1 year high of $223.98.

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

Insider Buying and Selling at Deckers Outdoor

In other news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,574 shares of company stock valued at $6,485,189. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on DECK shares. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Robert W. Baird boosted their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Bank of America boosted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. KeyCorp boosted their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group boosted their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

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.