Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in Deckers Outdoor Co. (NYSE:DECK) by 51.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 66,518 shares of the textile maker’s stock after selling 71,692 shares during the period. Moran Wealth Management LLC’s holdings in Deckers Outdoor were worth $13,509,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after buying an additional 332,590 shares in the last quarter. SpiderRock Advisors LLC raised its position in shares of Deckers Outdoor by 499.9% during the 3rd quarter. SpiderRock Advisors LLC now owns 24,036 shares of the textile maker’s stock worth $3,833,000 after acquiring an additional 20,029 shares in the last quarter. Assetmark Inc. lifted its stake in Deckers Outdoor by 584.2% during the third quarter. Assetmark Inc. now owns 15,299 shares of the textile maker’s stock worth $2,439,000 after purchasing an additional 13,063 shares during the last quarter. Bridges Investment Management Inc. boosted its holdings in Deckers Outdoor by 523.1% in the third quarter. Bridges Investment Management Inc. now owns 1,620 shares of the textile maker’s stock valued at $258,000 after purchasing an additional 1,360 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in Deckers Outdoor by 478.9% in the third quarter. Lindbrook Capital LLC now owns 961 shares of the textile maker’s stock valued at $153,000 after purchasing an additional 795 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DECK. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Friday, February 7th. Barclays lifted their target price on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. KeyCorp upped their target price on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Trading Down 3.9 %

Shares of DECK opened at $126.81 on Monday. The stock’s 50 day moving average is $179.75 and its two-hundred day moving average is $159.83. Deckers Outdoor Co. has a twelve month low of $122.61 and a twelve month high of $223.98. The firm has a market capitalization of $19.25 billion, a PE ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, sell-side analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Activity

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,574 shares of company stock worth $6,485,189 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

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.