Dana Investment Advisors Inc. Sells 8,253 Shares of Deckers Outdoor Corporation $DECK

Dana Investment Advisors Inc. decreased its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 14.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,193 shares of the textile maker’s stock after selling 8,253 shares during the period. Dana Investment Advisors Inc.’s holdings in Deckers Outdoor were worth $4,987,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. American National Bank & Trust boosted its position in shares of Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after buying an additional 106 shares during the last quarter. True Wealth Design LLC lifted its stake in Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 244 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Deckers Outdoor in the third quarter worth approximately $30,000. Finally, Rakuten Securities Inc. grew its stake in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the transaction, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. This represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anne Spangenberg sold 4,063 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the sale, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $120.88 on Wednesday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $149.55. The stock’s fifty day moving average is $107.25 and its 200 day moving average is $102.73. The stock has a market cap of $17.16 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.70 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business posted $3.00 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BTIG Research restated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 30th. Zacks Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Argus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. The Goldman Sachs Group reiterated a “sell” rating and set a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, KGI Securities raised Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price on the stock in a research report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $125.20.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.