Royal Bank of Canada Sells 60,736 Shares of Deckers Outdoor Co. (NYSE:DECK)

Royal Bank of Canada reduced its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 903,904 shares of the textile maker's stock after selling 60,736 shares during the quarter. Royal Bank of Canada owned 0.60% of Deckers Outdoor worth $183,575,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Deckers Outdoor by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock valued at $3,582,464,000 after buying an additional 229,807 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Deckers Outdoor by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock worth $831,723,000 after acquiring an additional 45,035 shares in the last quarter. Norges Bank acquired a new stake in Deckers Outdoor in the 4th quarter valued at approximately $392,583,000. Northern Trust Corp increased its position in Deckers Outdoor by 13.9% during the fourth quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock worth $321,228,000 after buying an additional 192,469 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Deckers Outdoor by 6.4% during the 4th quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock worth $265,262,000 after buying an additional 78,623 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded down $5.34 on Wednesday, hitting $123.50. The company's stock had a trading volume of 3,662,896 shares, compared to its average volume of 2,445,017. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The company has a market capitalization of $18.74 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The stock has a 50 day moving average of $114.65 and a 200-day moving average of $158.78.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DECK shares. Barclays dropped their target price on Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Wells Fargo & Company upped their price target on Deckers Outdoor from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Stifel Nicolaus lowered their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Jefferies Financial Group boosted their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $157.79.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37% decrease in their position. 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.