Logan Capital Management Inc. Sells 6,856 Shares of Deckers Outdoor Co. (NYSE:DECK)

Logan Capital Management Inc. trimmed its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,663 shares of the textile maker's stock after selling 6,856 shares during the period. Deckers Outdoor makes up approximately 0.9% of Logan Capital Management Inc.'s holdings, making the stock its 24th biggest holding. Logan Capital Management Inc. owned 0.07% of Deckers Outdoor worth $21,459,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter worth $31,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after acquiring an additional 120 shares during the period. Itau Unibanco Holding S.A. raised its holdings in shares of Deckers Outdoor by 352.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock worth $44,000 after acquiring an additional 169 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its position in Deckers Outdoor by 404.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock valued at $51,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 completion of the transaction, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the business'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 value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DECK. Truist Financial lowered their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, January 31st. KeyCorp reduced their price objective on Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and dropped their target price for the company from $235.00 to $150.00 in a research report on Thursday, April 10th. Barclays cut their target price on Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Stifel Nicolaus decreased their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of "Moderate Buy" and a consensus target price of $162.16.

Deckers Outdoor Stock Down 0.4%

Shares of NYSE DECK traded down $0.45 during trading hours on Thursday, hitting $126.91. The company had a trading volume of 2,255,008 shares, compared to its average volume of 2,428,570. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The firm's 50 day moving average is $114.05 and its 200-day moving average is $159.82. The stock has a market capitalization 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.

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.