Vinva Investment Management Ltd Sells 8,489 Shares of Deckers Outdoor Co. (NYSE:DECK)

Vinva Investment Management Ltd trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 17.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,967 shares of the textile maker’s stock after selling 8,489 shares during the quarter. Vinva Investment Management Ltd’s holdings in Deckers Outdoor were worth $8,429,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc boosted its position in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the period. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $31,000. Brooklyn Investment Group bought a new position in shares of Deckers Outdoor in the third quarter worth approximately $36,000. Avior Wealth Management LLC boosted its position in shares of Deckers Outdoor by 2,966.7% in the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock worth $44,000 after purchasing an additional 267 shares during the period. Finally, Fortitude Family Office LLC boosted its position in shares of Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Down 1.9 %

Deckers Outdoor stock opened at $115.23 on Wednesday. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.68 and a beta of 1.10. The firm’s fifty day moving average is $167.64 and its 200 day moving average is $164.38. Deckers Outdoor Co. has a 52-week low of $115.00 and a 52-week high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on DECK. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Friday, February 7th. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Bank of America boosted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Jefferies Financial Group boosted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Finally, 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 report on Thursday, January 9th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $197.41.

Insider Activity

In other news, Director David Powers sold 25,000 shares of the stock in a transaction on 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 sale, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The sale 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 stock in a transaction 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 completion of the sale, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

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.