Stevens Capital Management LP Sells 399 Shares of Deckers Outdoor Co. (NYSE:DECK)

Stevens Capital Management LP trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 20.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,593 shares of the textile maker’s stock after selling 399 shares during the quarter. Stevens Capital Management LP’s holdings in Deckers Outdoor were worth $324,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DECK. Bell Investment Advisors Inc increased its position in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Deckers Outdoor in the 4th quarter worth $31,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after purchasing an additional 120 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Deckers Outdoor in the 3rd quarter valued at about $36,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of Deckers Outdoor by 2,966.7% in the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 267 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 5.9 %

DECK stock opened at $124.82 on Tuesday. Deckers Outdoor Co. has a 1-year low of $112.10 and a 1-year high of $223.98. The business’s 50 day simple moving average is $160.63 and its 200 day simple moving average is $167.03. The firm has a market capitalization of $18.94 billion, a PE ratio of 20.24, a PEG ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 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%. As a group, sell-side analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DECK. Jefferies Financial Group lifted their target price on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a report on Friday, February 7th. Stifel Nicolaus lifted their price target on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, KeyCorp boosted their price target 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. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

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.