Natixis decreased its position in shares of Deckers Outdoor Co. (NYSE:DECK – Free Report) by 99.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 71 shares of the textile maker’s stock after selling 14,929 shares during the period. Natixis’ holdings in Deckers Outdoor were worth $37,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Credit Suisse AG lifted its stake in shares of Deckers Outdoor by 6.5% during the 2nd quarter. Credit Suisse AG now owns 34,826 shares of the textile maker’s stock worth $18,376,000 after purchasing an additional 2,121 shares during the period. BlackRock Inc. lifted its position in Deckers Outdoor by 20.9% during the second quarter. BlackRock Inc. now owns 2,951,309 shares of the textile maker’s stock worth $1,557,288,000 after buying an additional 510,292 shares during the period. Panagora Asset Management Inc. boosted its stake in Deckers Outdoor by 16.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,024 shares of the textile maker’s stock worth $540,000 after buying an additional 142 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Deckers Outdoor by 104.3% in the 2nd quarter. Kestra Advisory Services LLC now owns 1,520 shares of the textile maker’s stock valued at $802,000 after buying an additional 776 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Deckers Outdoor during the 2nd quarter valued at about $309,000. Institutional investors and hedge funds own 95.69% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $687.86 on Thursday. The business’s 50-day simple moving average is $578.44 and its 200 day simple moving average is $542.26. The company has a market cap of $17.70 billion, a P/E ratio of 29.69, a PEG ratio of 1.63 and a beta of 0.95. Deckers Outdoor Co. has a one year low of $361.62 and a one year high of $698.84.

Deckers Outdoor (NYSE:DECK – Get Free Report) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $6.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $2.41. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $960.54 million. Deckers Outdoor had a net margin of 15.51% and a return on equity of 33.96%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.80 earnings per share. Analysts predict that Deckers Outdoor Co. will post 23.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Michael F. Devine III sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $587.00, for a total transaction of $2,348,000.00. Following the completion of the sale, the director now directly owns 8,088 shares in the company, valued at $4,747,656. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Thomas Garcia sold 7,192 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $562.50, for a total value of $4,045,500.00. Following the sale, the insider now directly owns 16,457 shares of the company’s stock, valued at $9,257,062.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael F. Devine III sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $587.00, for a total transaction of $2,348,000.00. Following the transaction, the director now directly owns 8,088 shares of the company’s stock, valued at $4,747,656. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DECK has been the topic of several research analyst reports. Robert W. Baird raised their target price on shares of Deckers Outdoor from $650.00 to $750.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com began coverage on shares of Deckers Outdoor in a research note on Thursday, October 5th. They set a “hold” rating for the company. TD Cowen increased their target price on Deckers Outdoor from $689.00 to $705.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 28th. Piper Sandler downgraded Deckers Outdoor from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $620.00 to $650.00 in a research report on Thursday, November 16th. Finally, BTIG Research upped their price target on Deckers Outdoor from $640.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $640.00.

View Our Latest Stock Analysis on DECK

About Deckers Outdoor (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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Deckers Outdoor, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Deckers Outdoor wasn’t on the list.

While Deckers Outdoor currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report

Original: MarketBeat News Feed: Natixis Lowers Stake in Deckers Outdoor Co. (NYSE:DECK)