Deckers Outdoor Corporation $DECK Shares Sold by Pitcairn Co.

Pitcairn Co. lowered its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 58.0% during the third quarter, HoldingsChannel.com reports. The fund owned 3,496 shares of the textile maker’s stock after selling 4,826 shares during the period. Pitcairn Co.’s holdings in Deckers Outdoor were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. American National Bank & Trust grew its holdings in shares of Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 106 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of Deckers Outdoor by 2,440.0% in the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after purchasing an additional 244 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Deckers Outdoor during the 3rd quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. grew its stake in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. This represents a 15.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robin Spring-Green sold 347 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the sale, the insider directly owned 42,461 shares of the company’s stock, valued at $4,831,212.58. The trade was a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,092 shares of company stock valued at $1,048,552 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on DECK. Argus raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Wells Fargo & Company set a $110.00 price target on shares of Deckers Outdoor and gave the company an “equal weight” rating in a report on Friday, January 30th. Stifel Nicolaus upped their price target on shares of Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Zacks Research raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Truist Financial set a $132.00 target price on shares of Deckers Outdoor in a research note on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Price Performance

DECK opened at $104.24 on Monday. The business has a 50 day moving average price of $109.06 and a two-hundred day moving average price of $103.20. The company has a market capitalization of $14.80 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 2.38 and a beta of 1.15. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $133.43.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $3.00 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.