Laird Norton Wetherby Wealth Management LLC Has $510,000 Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Laird Norton Wetherby Wealth Management LLC lowered its stake in Deckers Outdoor Co. (NYSE:DECK) by 6.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,510 shares of the textile maker’s stock after selling 177 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Deckers Outdoor were worth $510,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Resonant Capital Advisors LLC boosted its holdings in Deckers Outdoor by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after purchasing an additional 52 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of Deckers Outdoor by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after acquiring an additional 54 shares during the period. Mather Group LLC. lifted its holdings in shares of Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after acquiring an additional 64 shares during the period. Prosperity Wealth Management Inc. lifted its stake in Deckers Outdoor by 2.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock valued at $564,000 after purchasing an additional 75 shares during the last quarter. Finally, WD Rutherford LLC lifted its stake in Deckers Outdoor by 4.8% in the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 0.4%

NYSE DECK opened at $126.91 on Friday. The company’s 50 day moving average is $114.05 and its 200-day moving average is $159.82. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The firm has a market cap of $19.26 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s 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. This represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was 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 in the company, valued at $33,568,318.68. This trade represents a 9.37% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on DECK shares. Citigroup cut their price target on shares of Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Piper Sandler decreased their price target on shares of Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Jefferies Financial Group lifted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Wells Fargo & Company lifted their price objective on shares of Deckers Outdoor from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Raymond James upgraded shares of Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from $235.00 to $150.00 in a report on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $162.16.

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.