Aljian Capital Management LLC Sells 10,854 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Aljian Capital Management reduced its stake in Deckers Outdoor by 12.8%, selling 10,854 shares and leaving it with 73,863 shares (about $7.66M), making DECK its 11th-largest holding and 1.5% of the fund's portfolio.
• Deckers beat expectations in the latest quarter with EPS of $3.33 versus $2.77 estimated and revenue of $1.96B versus $1.87B estimated, and analysts' consensus is a Moderate Buy with an average price target of $125.20.
• Insiders have been selling recently (9,092 shares worth roughly $1.05M in the last 90 days, including a 4,682-share sale by director Lauri M. Shanahan), while institutional investors own 97.79% of the stock.

Aljian Capital Management LLC lessened its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,863 shares of the textile maker's stock after selling 10,854 shares during the quarter. Deckers Outdoor comprises 1.5% of Aljian Capital Management LLC's investment portfolio, making the stock its 11th largest position. Aljian Capital Management LLC owned about 0.05% of Deckers Outdoor worth $7,657,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DECK. American National Bank & Trust increased its stake in Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock worth $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC increased its stake in Deckers Outdoor by 2,440.0% in the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker's stock worth $26,000 after purchasing an additional 244 shares during the period. Geneos Wealth Management Inc. increased its stake in Deckers Outdoor by 330.8% in 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 position in Deckers Outdoor in the 3rd quarter worth approximately $30,000. Finally, Rakuten Securities Inc. increased its stake in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock worth $33,000 after purchasing an additional 100 shares during the period. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Down 1.7%

NYSE DECK opened at $107.87 on Friday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $133.43. The firm has a market capitalization of $15.31 billion, a PE ratio of 15.24, a P/E/G ratio of 2.36 and a beta of 1.21. The stock's 50 day moving average is $108.24 and its 200 day moving average is $100.75.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company posted $3.00 earnings per share. The firm's revenue was up 7.1% on a year-over-year basis. On average, research analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In related news, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. The trade was a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the sale, the insider owned 42,461 shares in the company, valued at $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,092 shares of company stock worth $1,048,552 over the last ninety days. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Zacks Research raised Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 2nd. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $92.00 price target (up from $81.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Wells Fargo & Company set a $110.00 price target on Deckers Outdoor and gave the stock an "equal weight" rating in a research note on Friday, January 30th. Evercore set a $108.00 price target on Deckers Outdoor in a research note on Friday, January 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Deckers Outdoor in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $125.20.

Deckers Outdoor 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.

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