Dana Investment Advisors Inc. Lowers Holdings in 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 disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in Deckers Outdoor in the 4th quarter worth approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Deckers Outdoor by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after buying an additional 522 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after acquiring an additional 6,384 shares during the last quarter. Focus Partners Wealth grew its stake in Deckers Outdoor by 8.1% during the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after acquiring an additional 521 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Deckers Outdoor by 3.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 363,179 shares of the textile maker’s stock valued at $37,433,000 after acquiring an additional 13,133 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $120.88 on Wednesday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $149.55. The business’s 50 day moving average is $107.25 and its two-hundred day moving average is $102.73. The stock has a market capitalization of $17.16 billion, a P/E ratio of 17.07, a PEG ratio of 2.70 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last announced its 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. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.00 EPS. As a group, equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $116.02, for a total transaction of $471,389.26. Following the transaction, the insider owned 80,449 shares in the company, valued at $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robin Spring-Green sold 347 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the sale, the insider directly owned 42,461 shares in the company, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,092 shares of company stock valued at $1,048,552 over the last three months. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on DECK. Evercore set a $108.00 price target on shares of Deckers Outdoor in a research note on Friday, January 30th. Stifel Nicolaus lifted their target price on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 30th. KGI Securities raised Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price target for the company in a research note on Friday, January 30th. Barclays restated an “overweight” rating and set a $143.00 price target (up from $113.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, Sanford C. Bernstein set a $90.00 price objective on Deckers Outdoor in a report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.