Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd reduced its position in Deckers Outdoor Co. (NYSE:DECK) by 0.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,893 shares of the textile maker’s stock after selling 250 shares during the quarter. Cumberland Partners Ltd’s holdings in Deckers Outdoor were worth $5,665,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DECK. Allspring Global Investments Holdings LLC lifted its holdings 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 buying an additional 235,091 shares during the period. Wilmington Savings Fund Society FSB raised its position in Deckers Outdoor by 62.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock worth $1,407,000 after acquiring an additional 2,668 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Deckers Outdoor by 25.7% in the fourth quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker’s stock valued at $101,457,000 after acquiring an additional 102,134 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after purchasing an additional 1,170,855 shares in the last quarter. Finally, City Center Advisors LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth $575,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insiders Place Their Bets

In related news, 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 owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction 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. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,956 shares of company stock worth $4,596,741 over the last quarter. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on DECK shares. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Friday, February 7th. Stifel Nicolaus boosted their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. UBS Group boosted their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $152.52 on Thursday. The firm has a market capitalization of $23.15 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07. The company has a 50 day moving average price of $196.19 and a 200 day moving average price of $149.35. Deckers Outdoor Co. has a one year low of $131.39 and a one year high of $223.98.

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 analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

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.