Dana Investment Advisors Inc. Sells 9,603 Shares of Deckers Outdoor Co. (NYSE:DECK)

Dana Investment Advisors Inc. lessened its position in Deckers Outdoor Co. (NYSE:DECK) by 12.6% during the fourth quarter, Holdings Channel reports. The fund owned 66,690 shares of the textile maker’s stock after selling 9,603 shares during the period. Dana Investment Advisors Inc.’s holdings in Deckers Outdoor were worth $13,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DECK. Farther Finance Advisors LLC increased its stake in Deckers Outdoor by 2,037.5% in the third quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker’s stock valued at $327,000 after acquiring an additional 1,956 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Deckers Outdoor by 558.0% in the third quarter. Janney Montgomery Scott LLC now owns 110,630 shares of the textile maker’s stock valued at $17,640,000 after acquiring an additional 93,818 shares during the last quarter. Van ECK Associates Corp increased its stake in Deckers Outdoor by 562.6% in the third quarter. Van ECK Associates Corp now owns 39,586 shares of the textile maker’s stock valued at $5,976,000 after acquiring an additional 33,612 shares during the last quarter. National Pension Service increased its stake in Deckers Outdoor by 604.8% in the third quarter. National Pension Service now owns 264,282 shares of the textile maker’s stock valued at $42,140,000 after acquiring an additional 226,782 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in Deckers Outdoor by 457.1% in the third quarter. Asset Management One Co. Ltd. now owns 72,153 shares of the textile maker’s stock valued at $11,505,000 after acquiring an additional 59,202 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK opened at $136.04 on Thursday. Deckers Outdoor Co. has a one year low of $131.20 and a one year high of $223.98. The company has a 50-day simple moving average of $182.92 and a two-hundred day simple moving average of $157.46. The firm has a market capitalization of $20.65 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 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%. Analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’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 directly owns 10,222 shares in the company, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,574 shares of company stock worth $6,505,085 over the last three months. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor 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. Stifel Nicolaus raised their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. KeyCorp raised their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Truist Financial reduced their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

About Deckers Outdoor

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.