Prospera Financial Services Inc Sells 7,459 Shares of Deckers Outdoor Corporation $DECK

Prospera Financial Services Inc cut its position in Deckers Outdoor Corporation (NYSE:DECK) by 59.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,042 shares of the textile maker’s stock after selling 7,459 shares during the quarter. Prospera Financial Services Inc’s holdings in Deckers Outdoor were worth $511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. American National Bank & Trust increased its stake in shares of Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC grew its holdings in Deckers Outdoor by 2,440.0% in the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after buying an additional 244 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Deckers Outdoor during the third quarter worth approximately $30,000. Finally, CVA Family Office LLC boosted its position in shares of Deckers Outdoor by 137.4% in the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 180 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 0.3%

Shares of DECK opened at $115.68 on Tuesday. The stock has a market cap of $16.42 billion, a PE ratio of 16.34, a PEG ratio of 2.64 and a beta of 1.16. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $158.00. The stock has a 50 day simple moving average of $105.26 and a 200-day simple moving average of $102.10.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.56. The firm had revenue of $1.96 billion for 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 business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.00 earnings per share. On average, sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Insider Activity

In related news, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was 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 of the company’s stock, valued at $4,831,212.58. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction on Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the transaction, the insider owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their position. The SEC filing for this sale provides additional information. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DECK shares. UBS Group reiterated a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Needham & Company LLC upped their price objective on shares of Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Telsey Advisory Group reiterated a “market perform” rating and issued a $120.00 target price (up previously from $105.00) on shares of Deckers Outdoor in a research note on Monday, January 26th. BTIG Research restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Truist Financial set a $132.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor currently has an average rating of “Hold” and a consensus target price 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.