Kintegral Advisory LLC Sells 962 Shares of Deckers Outdoor Co. (NYSE:DECK)

Kintegral Advisory LLC lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,674 shares of the textile maker’s stock after selling 962 shares during the quarter. Kintegral Advisory LLC’s holdings in Deckers Outdoor were worth $4,199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DECK. AMF Tjanstepension AB lifted its position in Deckers Outdoor by 495.7% during the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after acquiring an additional 792,849 shares during the last quarter. Creative Planning lifted its position in shares of Deckers Outdoor by 492.5% during the 3rd quarter. Creative Planning now owns 30,093 shares of the textile maker’s stock worth $4,798,000 after purchasing an additional 25,014 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Deckers Outdoor by 56.6% during the 3rd quarter. Blue Trust Inc. now owns 736 shares of the textile maker’s stock worth $117,000 after purchasing an additional 266 shares during the last quarter. Raymond James & Associates boosted its stake in Deckers Outdoor by 546.4% during the 3rd quarter. Raymond James & Associates now owns 123,218 shares of the textile maker’s stock valued at $19,647,000 after purchasing an additional 104,155 shares during the period. Finally, Whittier Trust Co. grew its holdings in Deckers Outdoor by 338.1% in the 3rd quarter. Whittier Trust Co. now owns 276 shares of the textile maker’s stock valued at $44,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 2.4 %

Shares of DECK stock opened at $146.48 on Friday. The company has a market capitalization of $22.23 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.71 and a beta of 1.07. Deckers Outdoor Co. has a 12-month low of $131.39 and a 12-month high of $223.98. The firm has a 50-day moving average price of $193.91 and a 200 day moving average price of $150.21.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Bank of America upped their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Friday, February 7th. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Robert W. Baird boosted their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $197.41.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the company’s 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 transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Company 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.