Kestra Investment Management LLC Reduces Position in Deckers Outdoor Co. (NYSE:DECK)

Kestra Investment Management LLC cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,017 shares of the textile maker’s stock after selling 195 shares during the quarter. Kestra Investment Management LLC’s holdings in Deckers Outdoor were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Solstein Capital LLC lifted its holdings in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $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% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares in the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted 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 buying an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its holdings 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 in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $155.77 on Wednesday. Deckers Outdoor Co. has a 52-week low of $131.39 and a 52-week high of $223.98. The stock has a market capitalization of $23.64 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.93 and a beta of 1.07. The company’s 50 day moving average price is $198.16 and its 200-day moving average price is $148.40.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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, equities research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DECK shares. Barclays increased their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research note on Friday, February 7th. Jefferies Financial Group raised their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $197.41.

Insider Buying and Selling

In related news, insider Anne Spangenberg sold 3,882 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the sale, the insider now owns 67,434 shares of the company’s stock, valued at $12,571,720.62. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders sold 22,956 shares of company stock valued at $4,596,741 over the last quarter. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Company 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.