Central Pacific Bank Trust Division Lowers Holdings in Deckers Outdoor Co. (NYSE:DECK)

Central Pacific Bank Trust Division lowered its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 7.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,871 shares of the textile maker’s stock after selling 489 shares during the period. Central Pacific Bank Trust Division’s holdings in Deckers Outdoor were worth $1,192,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DECK. FMR LLC lifted its holdings in shares of Deckers Outdoor by 499.2% in the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after buying an additional 19,053,113 shares during the period. State Street Corp raised its position in Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after acquiring an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Deckers Outdoor by 509.1% in the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after acquiring an additional 3,393,420 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after purchasing an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Deckers Outdoor by 529.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after purchasing an additional 1,074,263 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 1.3 %

Shares of Deckers Outdoor stock opened at $207.25 on Friday. Deckers Outdoor Co. has a fifty-two week low of $108.65 and a fifty-two week high of $214.70. The business’s fifty day moving average is $191.11 and its two-hundred day moving average is $110.67. The firm has a market cap of $31.49 billion, a PE ratio of 36.45, a P/E/G ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $1.14 EPS. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Wall Street Analyst Weigh In

DECK has been the subject of several recent analyst reports. Needham & Company LLC raised their price objective on shares of Deckers Outdoor from $218.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. StockNews.com cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. KeyCorp lifted their price objective on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Piper Sandler set a $166.00 target price on Deckers Outdoor in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.59.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now owns 10,222 shares in the company, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is owned by company insiders.

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.