Mount Yale Investment Advisors LLC Sells 784 Shares of Deckers Outdoor Co. (NYSE:DECK)

Mount Yale Investment Advisors LLC cut its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,985 shares of the textile maker’s stock after selling 784 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Deckers Outdoor were worth $1,622,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. FMR LLC grew its stake in Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares in the last quarter. State Street Corp grew its stake in Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after purchasing an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC grew its stake in Deckers Outdoor by 509.1% in the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after purchasing an additional 3,393,420 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after purchasing an additional 1,074,263 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor stock in a transaction on Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the transaction, the chief financial officer now owns 153,036 shares in the company, valued at approximately $26,781,300. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Caroti Stefano sold 15,000 shares of Deckers Outdoor stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the transaction, the chief executive officer now owns 273,540 shares in the company, valued at approximately $48,069,184.20. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock valued at $13,715,482 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $212.03 on Tuesday. The stock has a market capitalization of $32.21 billion, a PE ratio of 37.29, a P/E/G ratio of 2.98 and a beta of 1.08. The business has a fifty day moving average price of $203.00 and a two-hundred day moving average price of $131.17. Deckers Outdoor Co. has a fifty-two week low of $125.15 and a fifty-two week high of $218.92.

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of analyst reports. KeyCorp raised their price target on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial raised their price target on Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Evercore ISI raised their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. UBS Group raised their price objective on Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Needham & Company LLC raised their price objective on Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.20.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.