Aberdeen Group plc Decreases Stock Holdings in Deckers Outdoor Corporation $DECK

Aberdeen Group plc lowered its stake in Deckers Outdoor Corporation (NYSE:DECK) by 44.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 158,659 shares of the textile maker’s stock after selling 126,184 shares during the quarter. Aberdeen Group plc owned 0.11% of Deckers Outdoor worth $16,448,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. American National Bank & Trust raised its holdings 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 acquiring an additional 106 shares during the last quarter. True Wealth Design LLC grew 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 in the last quarter. Geneos Wealth Management Inc. grew its stake in 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 in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Deckers Outdoor during the 3rd quarter valued at about $30,000. Finally, Rakuten Securities Inc. grew its stake in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DECK shares. Stifel Nicolaus lifted their price target on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Truist Financial set a $132.00 price target on Deckers Outdoor in a report on Friday, January 30th. KGI Securities upgraded Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price target on the stock in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, January 21st. Finally, Sanford C. Bernstein set a $90.00 price target on Deckers Outdoor in a report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.20.

Insider Activity at Deckers Outdoor

In related news, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the transaction, the insider directly owned 42,461 shares in the company, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction 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 owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 9,092 shares of company stock worth $1,048,552. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $101.69 on Tuesday. The business has a 50-day moving average of $108.09 and a 200 day moving average of $100.78. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $133.43. The stock has a market capitalization of $14.44 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 2.11 and a beta of 1.21.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, beating 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 company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the business posted $3.00 EPS. Deckers Outdoor’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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.