Zurcher Kantonalbank Zurich Cantonalbank Reduces Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,216 shares of the textile maker's stock after selling 13,410 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Deckers Outdoor worth $12,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Deckers Outdoor by 2.2% during the 1st quarter. BlackRock Inc. now owns 2,441,017 shares of the textile maker's stock valued at $1,097,359,000 after buying an additional 51,898 shares in the last quarter. Morgan Stanley boosted its stake in Deckers Outdoor by 82.6% during the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker's stock valued at $599,633,000 after purchasing an additional 527,546 shares during the last quarter. State Street Corp boosted its stake in Deckers Outdoor by 15.0% during the 2nd quarter. State Street Corp now owns 838,595 shares of the textile maker's stock valued at $442,493,000 after purchasing an additional 109,341 shares during the last quarter. Invesco Ltd. boosted its stake in Deckers Outdoor by 8.9% during the 3rd quarter. Invesco Ltd. now owns 456,957 shares of the textile maker's stock valued at $234,917,000 after purchasing an additional 37,194 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Deckers Outdoor by 18.0% during the 1st quarter. Wellington Management Group LLP now owns 433,426 shares of the textile maker's stock valued at $118,658,000 after purchasing an additional 66,072 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. TD Cowen increased their target price on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a "buy" rating in a research note on Thursday. Telsey Advisory Group reiterated an "outperform" rating and set a $930.00 target price on shares of Deckers Outdoor in a research note on Thursday, February 15th. Evercore ISI began coverage on Deckers Outdoor in a research note on Thursday, February 15th. They issued an "outperform" rating and a $960.00 price target on the stock. Truist Financial restated a "hold" rating and issued a $864.00 price target (down from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Finally, KeyCorp began coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They issued an "overweight" rating and a $960.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $890.93.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 5,000 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the sale, the chief financial officer now directly owns 29,291 shares of the company's stock, valued at $24,733,320.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO David Powers sold 5,993 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was 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 in the company, valued at $90,640,481.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven J. Fasching sold 5,000 shares of the business's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the transaction, the chief financial officer now directly owns 29,291 shares of the company's stock, valued at approximately $24,733,320.40. 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 ninety days. 0.70% of the stock is currently owned by company insiders.

Deckers Outdoor Trading Down 1.6 %

Deckers Outdoor stock traded down $12.92 during trading on Friday, reaching $800.38. The company had a trading volume of 477,872 shares, compared to its average volume of 377,771. The firm's 50-day simple moving average is $884.89 and its 200 day simple moving average is $735.34. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01. Deckers Outdoor Co. has a 52 week low of $424.36 and a 52 week high of $956.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating analysts' consensus estimates of $11.40 by $3.71. The business had revenue of $1.56 billion for 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% on a year-over-year basis. During the same period last year, the firm earned $10.48 earnings per share. On average, analysts predict that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

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