Securian Asset Management Inc. Sells 300 Shares of Deckers Outdoor Co. (NYSE:DECK)

Securian Asset Management Inc. decreased its holdings in Deckers Outdoor Co. (NYSE:DECK) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,131 shares of the textile maker’s stock after selling 300 shares during the quarter. Securian Asset Management Inc.’s holdings in Deckers Outdoor were worth $1,651,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in Deckers Outdoor by 17.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,410 shares of the textile maker’s stock valued at $489,000 after acquiring an additional 358 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Deckers Outdoor by 12.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the textile maker’s stock valued at $621,000 after acquiring an additional 343 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Deckers Outdoor by 43.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,276 shares of the textile maker’s stock valued at $868,000 after acquiring an additional 1,291 shares in the last quarter. PFG Advisors purchased a new stake in Deckers Outdoor in the 4th quarter valued at about $354,000. Finally, HighTower Advisors LLC increased its stake in Deckers Outdoor by 13.7% in the 4th quarter. HighTower Advisors LLC now owns 56,276 shares of the textile maker’s stock valued at $11,429,000 after buying an additional 6,788 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

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 Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were 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. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. 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. Wells Fargo & Company decreased their price objective on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Barclays increased their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Price Performance

NYSE:DECK opened at $116.84 on Friday. Deckers Outdoor Co. has a 1 year low of $115.06 and a 1 year high of $223.98. The company has a market cap of $17.73 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.68 and a beta of 1.10. The stock’s fifty day moving average price is $173.03 and its two-hundred day moving average price is $160.57.

Deckers Outdoor (NYSE:DECK) last issued its earnings results 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 return on equity of 41.71% and a net margin of 19.14%. On average, analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share 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.