Voya Investment Management LLC Sells 6,226 Shares of Deckers Outdoor Co. (NYSE:DECK)

Voya Investment Management LLC cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,259 shares of the textile maker's stock after selling 6,226 shares during the period. Voya Investment Management LLC owned approximately 0.07% of Deckers Outdoor worth $23,002,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Passumpsic Savings Bank boosted its position in shares of Deckers Outdoor by 477.8% in the 3rd quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker's stock valued at $4,352,000 after purchasing an additional 22,572 shares during the period. Anchor Investment Management LLC increased its position in shares of Deckers Outdoor by 500.0% in the third quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker's stock worth $80,000 after acquiring an additional 420 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Deckers Outdoor during the third quarter valued at approximately $679,000. Tidal Investments LLC boosted its stake in Deckers Outdoor by 3,540.6% in the 3rd quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker's stock worth $24,206,000 after purchasing an additional 147,642 shares during the period. Finally, Franklin Resources Inc. grew its position in Deckers Outdoor by 497.5% during the 3rd quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker's stock worth $62,825,000 after purchasing an additional 325,451 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Activity

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares of the company's stock, valued at $1,396,978.24. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Bank of America increased their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Evercore ISI raised their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. Stifel Nicolaus cut their target price on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, Raymond James upgraded shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and reduced their price objective for the stock from $235.00 to $150.00 in a research note on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $174.55.

Deckers Outdoor Stock Down 0.8 %

Shares of DECK traded down $0.84 during trading hours on Wednesday, reaching $110.85. The stock had a trading volume of 2,686,209 shares, compared to its average volume of 2,381,133. The firm has a 50-day moving average of $117.80 and a 200 day moving average of $163.07. The company has a market cap of $16.82 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

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.