Desjardins Global Asset Management Inc. Sells 991 Shares of Deckers Outdoor Co. (NYSE:DECK)

Desjardins Global Asset Management Inc. trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,626 shares of the textile maker's stock after selling 991 shares during the quarter. Desjardins Global Asset Management Inc.'s holdings in Deckers Outdoor were worth $3,761,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of DECK. Anchor Investment Management LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at about $33,000. FSC Wealth Advisors LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at about $39,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in Deckers Outdoor by 170.0% in 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 last quarter. Janiczek Wealth Management LLC increased its holdings in Deckers Outdoor by 20.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker's stock valued at $62,000 after buying an additional 16 shares during the last quarter. Finally, Pinpoint Asset Management Ltd bought a new stake in Deckers Outdoor in the first quarter valued at about $67,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Down 0.2 %

NYSE DECK traded down $1.69 on Tuesday, reaching $813.69. 330,963 shares of the stock traded hands, compared to its average volume of 438,810. The firm's fifty day simple moving average is $886.73 and its 200 day simple moving average is $730.11. The company has a market cap of $20.89 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 1.44 and a beta of 1.01. Deckers Outdoor Co. has a 12 month low of $424.36 and a 12 month high of $956.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $11.40 by $3.71. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the company posted $10.48 EPS. As a group, equities research analysts forecast that Deckers Outdoor Co. will post 26.87 EPS for the current fiscal year.

Insider Activity

In other news, insider Angela Ogbechie sold 313 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Angela Ogbechie sold 313 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares in the company, valued at $3,399,311.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Powers sold 5,993 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $922.85, for a total value of $5,530,640.05. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company's stock, valued at approximately $90,640,481.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,471 shares of company stock worth $21,290,792. Insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Truist Financial restated a "hold" rating and issued a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Telsey Advisory Group restated an "outperform" rating and issued a $930.00 target price on shares of Deckers Outdoor in a research note on Thursday, February 15th. Wells Fargo & Company lifted their target price on Deckers Outdoor from $625.00 to $775.00 and gave the company an "equal weight" rating in a research note on Friday, February 2nd. KeyCorp assumed coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They issued an "overweight" rating and a $960.00 target price for the company. Finally, Stifel Nicolaus lifted their target price on Deckers Outdoor from $709.00 to $775.00 and gave the company a "hold" rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $870.93.

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