Deckers Outdoor Corporation $DECK Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 2.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 327,711 shares of the textile maker’s stock after selling 8,939 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Deckers Outdoor worth $25,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DECK. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Deckers Outdoor during the 3rd quarter worth $4,298,000. ProShare Advisors LLC raised its holdings in Deckers Outdoor by 4.4% in the 3rd quarter. ProShare Advisors LLC now owns 28,076 shares of the textile maker’s stock valued at $2,194,000 after buying an additional 1,190 shares during the period. Vise Technologies Inc. raised its holdings in Deckers Outdoor by 25.0% in the 3rd quarter. Vise Technologies Inc. now owns 5,574 shares of the textile maker’s stock valued at $436,000 after buying an additional 1,116 shares during the period. Americana Partners LLC purchased a new stake in Deckers Outdoor in the 3rd quarter valued at about $253,000. Finally, International Assets Investment Management LLC lifted its position in Deckers Outdoor by 3,713.3% in the third quarter. International Assets Investment Management LLC now owns 125,000 shares of the textile maker’s stock valued at $9,768,000 after buying an additional 121,722 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the subject of several research analyst reports. BNP Paribas Exane lowered their target price on shares of Deckers Outdoor from $184.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, October 23rd. Raymond James Financial reduced their price target on shares of Deckers Outdoor from $105.00 to $92.00 in a research note on Friday, October 23rd. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Piper Sandler lowered shares of Deckers Outdoor from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $100.00 to $75.00 in a report on Friday, October 23rd. Finally, Wells Fargo & Company set a $70.00 price objective on shares of Deckers Outdoor and gave the stock an “underweight” rating in a research report on Friday, October 23rd. Ten research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of “Hold” and a consensus price target of $104.57.

Deckers Outdoor Trading Down 1.6%

Shares of NYSE DECK opened at $87.68 on Friday. The stock has a market capitalization of $11.70 billion, a PE ratio of 12.27, a PEG ratio of 1.43 and a beta of 1.10. Deckers Outdoor Corporation has a twelve month low of $77.20 and a twelve month high of $122.29. The stock has a fifty day simple moving average of $82.33 and a 200-day simple moving average of $98.96.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.52. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the company earned $1.82 EPS. Deckers Outdoor’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts predict that Deckers Outdoor Corporation will post 7.90 earnings per share for the current year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.