Bank of New York Mellon Corp Has $211.86 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Bank of New York Mellon Corp trimmed its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 2.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,043,196 shares of the textile maker’s stock after selling 29,506 shares during the period. Bank of New York Mellon Corp’s holdings in Deckers Outdoor were worth $211,863,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in shares of Deckers Outdoor by 109.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock valued at $91,965,000 after acquiring an additional 235,091 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in Deckers Outdoor by 62.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock valued at $1,407,000 after purchasing an additional 2,668 shares during the last quarter. Navellier & Associates Inc. grew its holdings in Deckers Outdoor by 6.4% during the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock worth $6,053,000 after purchasing an additional 1,791 shares during the period. Principal Financial Group Inc. grew its holdings in Deckers Outdoor by 25.7% during the fourth quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker’s stock worth $101,457,000 after purchasing an additional 102,134 shares during the period. Finally, Sigma Investment Counselors Inc. acquired a new position in Deckers Outdoor during the fourth quarter worth approximately $3,143,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DECK has been the subject of several research analyst reports. Wells Fargo & Company reduced their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Jefferies Financial Group upped their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, UBS Group increased their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was 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 approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $138.60 on Friday. The stock has a market capitalization of $21.04 billion, a P/E ratio of 22.47, a PEG ratio of 1.68 and a beta of 1.07. The stock’s fifty day moving average is $190.02 and its 200 day moving average is $153.58. Deckers Outdoor Co. has a 52 week low of $131.39 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its earnings results 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%. Equities research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

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.