Citigroup Inc. Sells 40,675 Shares of Deckers Outdoor Corporation $DECK

Citigroup Inc. lowered its stake in Deckers Outdoor Corporation (NYSE:DECK) by 23.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,059 shares of the textile maker’s stock after selling 40,675 shares during the period. Citigroup Inc. owned 0.09% of Deckers Outdoor worth $13,387,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating and issued a $130.00 price objective (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Wells Fargo & Company set a $110.00 price target on shares of Deckers Outdoor and gave the company an “equal weight” rating in a research note on Friday, January 30th. Robert W. Baird cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Jefferies Financial Group raised their target price on Deckers Outdoor from $102.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 27th. Finally, UBS Group reaffirmed a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Three research 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Stock Down 1.9%

Shares of NYSE DECK opened at $117.13 on Friday. The company has a market capitalization of $16.63 billion, a PE ratio of 16.54, a P/E/G ratio of 2.67 and a beta of 1.16. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $141.90. The firm has a fifty day simple moving average of $108.31 and a 200 day simple moving average of $103.07.

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

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the transaction, the director directly owned 25,026 shares in the company, valued at approximately $2,873,985.84. This represents a 15.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction that occurred 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 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is currently owned by company insiders.

About Deckers Outdoor

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.