United Asset Strategies Inc. Cuts Stake in Deckers Outdoor Co. (NYSE:DECK)

United Asset Strategies Inc. trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 88.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 338 shares of the textile maker's stock after selling 2,669 shares during the period. United Asset Strategies Inc.'s holdings in Deckers Outdoor were worth $226,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of DECK. Anchor Investment Management LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $33,000. FSC Wealth Advisors LLC purchased a new stake in Deckers Outdoor in the 4th quarter valued at $39,000. Ritter Daniher Financial Advisory LLC DE raised its position in Deckers Outdoor by 170.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker's stock valued at $42,000 after buying an additional 51 shares during the last quarter. Janiczek Wealth Management LLC raised its position in Deckers Outdoor by 20.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker's stock valued at $62,000 after buying an additional 16 shares during the last quarter. Finally, Pinpoint Asset Management Ltd purchased a new stake in Deckers Outdoor in the 1st quarter valued at $67,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

Shares of NYSE:DECK traded down $6.20 on Thursday, hitting $813.00. The company's stock had a trading volume of 308,467 shares, compared to its average volume of 436,285. The company has a 50-day simple moving average of $886.18 and a 200 day simple moving average of $732.82. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17. The company has a market capitalization of $20.87 billion, a PE ratio of 29.26, a PEG ratio of 1.44 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, beating the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter last year, the firm posted $10.48 EPS. The company's revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts expect that Deckers Outdoor Co. will post 26.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DECK has been the subject of several research analyst reports. UBS Group raised their target price on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Barclays initiated coverage on Deckers Outdoor in a research report on Monday, April 1st. They set an "overweight" rating and a $1,110.00 target price for the company. Evercore ISI initiated coverage on Deckers Outdoor in a research report on Thursday, February 15th. They set an "outperform" rating and a $960.00 target price for the company. TD Cowen raised their target price on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $930.00 target price on shares of Deckers Outdoor in a research report on Thursday, February 15th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $890.93.

Insider Buying and Selling at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 5,000 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the transaction, the chief financial officer now directly owns 29,291 shares of the company's stock, valued at approximately $24,733,320.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares of the company's stock, valued at approximately $3,399,311.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven J. Fasching sold 5,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.40, for a total value of $4,222,000.00. Following the completion of the transaction, the chief financial officer now directly owns 29,291 shares in the company, valued at $24,733,320.40. The disclosure for this sale can be found here. Insiders have sold a total of 30,464 shares of company stock valued at $26,229,683 in the last 90 days. Corporate insiders own 0.70% of the company's stock.

Deckers Outdoor 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.