Empowered Funds LLC Has $783,000 Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Empowered Funds LLC cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 88.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,855 shares of the textile maker’s stock after selling 29,534 shares during the period. Empowered Funds LLC’s holdings in Deckers Outdoor were worth $783,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Solstein Capital LLC boosted its stake in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after buying an additional 135 shares during the last quarter. Bell Investment Advisors Inc grew its position in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares during the period. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the period. Finally, Rakuten Securities Inc. lifted its stake in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the topic of a number of analyst reports. Jefferies Financial Group boosted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Evercore ISI increased their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. KeyCorp raised their target price on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Robert W. Baird upped their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Trading Down 2.0 %

Shares of Deckers Outdoor stock opened at $155.01 on Tuesday. Deckers Outdoor Co. has a 12 month low of $131.39 and a 12 month high of $223.98. The stock’s fifty day moving average price is $198.16 and its 200-day moving average price is $148.40. The firm has a market cap of $23.53 billion, a P/E ratio of 25.13, a P/E/G ratio of 1.93 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Bonita C. Stewart sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total transaction of $838,935.00. Following the sale, the director now owns 40,733 shares of the company’s stock, valued at approximately $7,593,853.19. The trade was a 9.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,956 shares of company stock worth $4,596,741 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Profile

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.