First Eagle Investment Management LLC Sells 141 Shares of Deckers Outdoor Co. (NYSE:DECK)

First Eagle Investment Management LLC lessened its stake in shares of Deckers Outdoor Co. (NYSE:DECKFree Report) by 54.7% during the 3rd quarter, Holdings Channel reports. The fund owned 117 shares of the textile maker’s stock after selling 141 shares during the period. First Eagle Investment Management LLC’s holdings in Deckers Outdoor were worth $60,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Direct Indexing L.P. boosted its position in shares of Deckers Outdoor by 12.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 458 shares of the textile maker’s stock worth $235,000 after purchasing an additional 51 shares in the last quarter. LPL Financial LLC boosted its position in shares of Deckers Outdoor by 6.8% in the 2nd quarter. LPL Financial LLC now owns 18,404 shares of the textile maker’s stock worth $9,711,000 after purchasing an additional 1,169 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in shares of Deckers Outdoor in the 2nd quarter worth $508,000. Northstar Group Inc. purchased a new position in Deckers Outdoor in the 2nd quarter worth $201,000. Finally, KBC Group NV purchased a new position in Deckers Outdoor in the 2nd quarter worth $709,000. Institutional investors own 95.69% of the company’s stock.

Deckers Outdoor Trading Up 1.0 %

Shares of NYSE DECK opened at $833.95 on Thursday. Deckers Outdoor Co. has a 12-month low of $395.90 and a 12-month high of $903.70. The stock has a market cap of $21.41 billion, a P/E ratio of 30.00, a PEG ratio of 1.61 and a beta of 0.99. The business’s fifty day simple moving average is $720.11 and its 200-day simple moving average is $610.48.

Deckers Outdoor (NYSE:DECKGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $10.48 earnings per share. Deckers Outdoor’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Deckers Outdoor Co. will post 26.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Citigroup lowered Deckers Outdoor from a “buy” rating to a “neutral” rating and lifted their price target for the company from $665.00 to $710.00 in a research note on Friday, December 8th. KeyCorp assumed coverage on Deckers Outdoor in a research note on Wednesday. They issued an “overweight” rating and a $960.00 price target for the company. Stifel Nicolaus lifted their price target on Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Finally, Piper Sandler lifted their price target on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $846.77.

Read Our Latest Stock Analysis on DECK

Insiders Place Their Bets

In other Deckers Outdoor news, CEO David Powers sold 17,978 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $70,375,161.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Caroti Stefano sold 14,725 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $687.46, for a total transaction of $10,122,848.50. Following the transaction, the insider now owns 49,036 shares of the company’s stock, valued at $33,710,288.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Powers sold 17,978 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $70,375,161.36. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor Company Profile

(Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Co. (NYSE:DECKFree Report).

Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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