Driehaus Capital Management LLC Sells 16,722 Shares of Deckers Outdoor Co. (NYSE:DECK)

Driehaus Capital Management LLC trimmed its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 12.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,136 shares of the textile maker's stock after selling 16,722 shares during the period. Driehaus Capital Management LLC owned 0.08% of Deckers Outdoor worth $24,805,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth about $29,000. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth $31,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after buying an additional 120 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in shares of Deckers Outdoor by 352.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock worth $44,000 after buying an additional 169 shares during the period. Finally, Fortitude Family Office LLC boosted its holdings in shares of 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 buying an additional 198 shares during the period. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK traded down $4.44 during midday trading on Friday, reaching $121.18. 2,249,144 shares of the company's stock were exchanged, compared to its average volume of 2,412,751. The company's 50 day simple moving average is $114.18 and its two-hundred day simple moving average is $160.79. The firm has a market capitalization of $18.39 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Truist Financial decreased their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, January 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $246.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Raymond James raised shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. Finally, Stifel Nicolaus decreased their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of "Moderate Buy" and a consensus target price of $167.55.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

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