Crossmark Global Holdings Inc. Reduces Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Crossmark Global Holdings Inc. reduced its holdings in Deckers Outdoor Co. (NYSE:DECK) by 45.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,627 shares of the textile maker’s stock after selling 7,086 shares during the period. Crossmark Global Holdings Inc.’s holdings in Deckers Outdoor were worth $1,753,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Solstein Capital LLC boosted its holdings in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Bell Investment Advisors Inc boosted its holdings in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 175 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in shares of Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 198 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Up 1.8 %

Deckers Outdoor stock opened at $218.70 on Friday. Deckers Outdoor Co. has a 52-week low of $123.33 and a 52-week high of $218.92. The firm has a market capitalization of $33.23 billion, a price-to-earnings ratio of 38.46, a PEG ratio of 2.96 and a beta of 1.08. The company has a fifty day simple moving average of $201.33 and a 200-day simple moving average of $127.75.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, research analysts anticipate that Deckers Outdoor Co. will post 5.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays boosted their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Citigroup boosted their target price on shares of Deckers Outdoor from $178.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday. Guggenheim assumed coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating for the company. Finally, Bank of America boosted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.20.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the sale, the insider now directly owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,036 shares of company stock valued at $13,715,482. 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.