Deckers Outdoor Co. (NYSE:DECK) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. trimmed its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,959 shares of the textile maker’s stock after selling 4,411 shares during the period. iA Global Asset Management Inc.’s holdings in Deckers Outdoor were worth $2,226,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DECK. Grey Fox Wealth Advisors LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth about $217,000. Royal London Asset Management Ltd. increased its position in shares of Deckers Outdoor by 60.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 103,305 shares of the textile maker’s stock worth $20,980,000 after purchasing an additional 38,785 shares during the last quarter. Trivest Advisors Ltd bought a new stake in shares of Deckers Outdoor in the 4th quarter worth about $13,648,000. Harvest Fund Management Co. Ltd increased its position in shares of Deckers Outdoor by 561.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 22,859 shares of the textile maker’s stock worth $4,645,000 after purchasing an additional 19,404 shares during the last quarter. Finally, Trillium Asset Management LLC increased its position in shares of Deckers Outdoor by 0.3% in the 4th quarter. Trillium Asset Management LLC now owns 137,687 shares of the textile maker’s stock worth $27,963,000 after purchasing an additional 432 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Up 2.0 %

Shares of NYSE:DECK opened at $118.01 on Friday. The company has a 50 day moving average of $162.23 and a 200-day moving average of $164.36. The firm has a market cap of $17.91 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a twelve month low of $112.10 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analyst Ratings Changes

DECK has been the subject of several research analyst reports. Evercore ISI boosted their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Citigroup raised 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 report on Friday, February 7th. Truist Financial lowered their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus boosted their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group boosted their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.