Deckers Outdoor Corporation $DECK Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lowered its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 29.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,375 shares of the textile maker’s stock after selling 6,074 shares during the quarter. NewEdge Wealth LLC’s holdings in Deckers Outdoor were worth $1,490,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its stake in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Deckers Outdoor during the third quarter worth about $30,000. Rakuten Securities Inc. boosted its holdings in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares in the last quarter. Activest Wealth Management grew its position in Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after buying an additional 245 shares during the period. Finally, Aventura Private Wealth LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at about $40,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Down 1.1%

Shares of NYSE:DECK opened at $93.87 on Thursday. The company has a market capitalization of $13.33 billion, a P/E ratio of 13.26, a P/E/G ratio of 2.04 and a beta of 1.14. The stock’s fifty day simple moving average is $103.36 and its 200-day simple moving average is $101.14. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $131.58.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DECK shares. The Goldman Sachs Group reiterated a “sell” rating and set a $92.00 price target (up from $81.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective for the company. in a report on Thursday, April 23rd. Telsey Advisory Group reiterated a “market perform” rating and set a $120.00 target price (up from $105.00) on shares of Deckers Outdoor in a research report on Monday, January 26th. Jefferies Financial Group upped their target price on Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, January 27th. Finally, KGI Securities upgraded Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price target for the company in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $125.60.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the transaction, the insider owned 42,461 shares of the company’s stock, valued at $4,831,212.58. This represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the sale, the insider owned 80,449 shares in the company, valued at $9,333,692.98. This trade represents a 4.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 9,092 shares of company stock valued at $1,048,552. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well?known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct?to?consumer retail to serve both fashion?focused and performance?oriented customers.

Founded in 1973 by Doug Otto and Karl F.