Deckers Outdoor Co. (NYSE:DECK) Position Decreased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its holdings in Deckers Outdoor Co. (NYSE:DECK) by 24.4% during the fourth quarter, Holdings Channel reports. The firm owned 230,031 shares of the textile maker’s stock after selling 74,323 shares during the period. Wedge Capital Management L L P NC’s holdings in Deckers Outdoor were worth $46,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Solstein Capital LLC raised its holdings in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after buying an additional 135 shares during the period. Bell Investment Advisors Inc raised its holdings in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 200 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares during the period. Finally, Fortitude Family Office LLC grew its position in Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DECK has been the topic of a number of research analyst reports. BTIG Research downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Robert W. Baird upped their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. KeyCorp raised their price target on shares of Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Telsey Advisory Group upped their price objective on shares of Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research note on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.06.

Deckers Outdoor Stock Performance

DECK opened at $210.15 on Friday. Deckers Outdoor Co. has a twelve month low of $120.23 and a twelve month high of $214.70. The business has a 50 day moving average price of $199.20 and a 200 day moving average price of $123.15. The firm has a market cap of $31.93 billion, a P/E ratio of 36.96, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. Deckers Outdoor’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.53 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. The trade was a 4.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,036 shares of company stock worth $13,715,482. Company 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.