Deckers Outdoor Co. (NYSE:DECK) Shares Sold by New Century Financial Group LLC

New Century Financial Group LLC decreased its holdings in Deckers Outdoor Co. (NYSE:DECK) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,178 shares of the textile maker’s stock after selling 847 shares during the period. New Century Financial Group LLC’s holdings in Deckers Outdoor were worth $866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DECK. FMR LLC grew its stake in Deckers Outdoor by 499.2% during the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after purchasing an additional 19,053,113 shares in the last quarter. State Street Corp grew its position in shares of Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Deckers Outdoor by 509.1% during the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after buying an additional 3,393,420 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after acquiring an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after acquiring an additional 1,074,263 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the business’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 transaction, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock worth $13,715,482 over the last 90 days. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $218.70 on Friday. Deckers Outdoor Co. has a one year low of $123.33 and a one year high of $218.92. The stock 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 50-day simple moving average of $201.33 and a 200-day simple moving average of $127.75.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business earned $1.14 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. As a group, research analysts forecast that Deckers Outdoor Co. will post 5.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DECK. UBS Group raised their price objective on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a report on Friday, October 25th. Guggenheim assumed coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a report on Thursday. TD Cowen increased their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Citigroup boosted their target price on Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.20.

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.