Deckers Outdoor Corporation $DECK Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC cut its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 59.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,225 shares of the textile maker’s stock after selling 4,655 shares during the period. First Eagle Investment Management LLC’s holdings in Deckers Outdoor were worth $327,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Bank of Montreal Can lifted its holdings in shares of Deckers Outdoor by 37.9% in the second quarter. Bank of Montreal Can now owns 188,873 shares of the textile maker’s stock valued at $19,467,000 after purchasing an additional 51,914 shares in the last quarter. Pinnacle Investment Management Ltd acquired a new position in shares of Deckers Outdoor during the 3rd quarter worth approximately $2,027,000. Achmea Investment Management B.V. lifted its stake in Deckers Outdoor by 135.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 135,341 shares of the textile maker’s stock valued at $13,950,000 after buying an additional 77,812 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Deckers Outdoor by 171.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock valued at $33,020,000 after buying an additional 205,975 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Deckers Outdoor by 208.4% during the third quarter. Assenagon Asset Management S.A. now owns 178,664 shares of the textile maker’s stock worth $18,111,000 after buying an additional 120,735 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In related news, insider Robin Spring-Green sold 347 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the transaction, the insider directly owned 42,461 shares of the company’s stock, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the sale, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,092 shares of company stock worth $1,048,552 in the last ninety days. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $107.42 on Friday. The company has a market cap of $15.25 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.48 and a beta of 1.15. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $137.23. The company has a 50-day moving average of $109.04 and a 200-day moving average of $103.24.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.56. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. Deckers Outdoor’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.00 earnings per share. As a group, equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Analyst Upgrades and Downgrades

DECK has been the topic of several recent research reports. Needham & Company LLC upped their price objective on Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 30th. BTIG Research restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Wells Fargo & Company set a $110.00 price target on shares of Deckers Outdoor and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Truist Financial set a $132.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Barclays reissued an “overweight” rating and set a $143.00 price objective (up from $113.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Three equities research 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 assigned a Sell rating to the company. According to MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor 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.