Zurcher Kantonalbank Zurich Cantonalbank Sells 13,410 Shares of Deckers Outdoor Co. (NYSE:DECK)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 41.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,216 shares of the textile maker’s stock after selling 13,410 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Deckers Outdoor worth $12,845,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $33,000. FSC Wealth Advisors LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $39,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Deckers Outdoor by 170.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after buying an additional 51 shares during the period. Janiczek Wealth Management LLC grew its stake in Deckers Outdoor by 20.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after purchasing an additional 16 shares during the period. Finally, Pinpoint Asset Management Ltd purchased a new stake in Deckers Outdoor in the first quarter worth $67,000. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

DECK has been the topic of several analyst reports. Evercore ISI initiated coverage on Deckers Outdoor in a report on Thursday, February 15th. They issued an “outperform” rating and a $960.00 target price on the stock. Stifel Nicolaus increased their target price on Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Truist Financial restated a “hold” rating and issued a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Raymond James upped their price target on Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Finally, Wedbush reiterated an “outperform” rating and set a $1,000.00 target price on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $890.93.

Deckers Outdoor Trading Down 1.6 %

NYSE DECK opened at $800.39 on Friday. The stock has a fifty day simple moving average of $885.79 and a 200-day simple moving average of $733.38. Deckers Outdoor Co. has a twelve month low of $424.36 and a twelve month high of $956.17. The stock has a market cap of $20.54 billion, a PE ratio of 28.79, a P/E/G ratio of 1.45 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.40 by $3.71. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $10.48 EPS. Research analysts predict that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Deckers Outdoor news, Director Lauri M. Shanahan sold 3,672 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the sale, the director now directly owns 4,515 shares in the company, valued at $3,757,473.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. Insiders have sold a total of 30,464 shares of company stock valued at $26,229,683 over the last quarter. Company insiders own 0.70% of the company’s stock.

About Deckers Outdoor

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