EFG Asset Management Americas Corp. Sells 1,853 Shares of Deckers Outdoor Co. (NYSE:DECK)

EFG Asset Management Americas Corp. lowered its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 29.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,507 shares of the textile maker's stock after selling 1,853 shares during the period. EFG Asset Management Americas Corp.'s holdings in Deckers Outdoor were worth $3,013,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC raised its position in shares of Deckers Outdoor by 7.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker's stock worth $119,000 after acquiring an additional 16 shares in the last quarter. Janiczek Wealth Management LLC increased its position in Deckers Outdoor by 20.8% during the 4th 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 in the last quarter. Chase Investment Counsel Corp increased its position in Deckers Outdoor by 0.3% during the 3rd quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker's stock valued at $2,967,000 after buying an additional 19 shares in the last quarter. Flputnam Investment Management Co. increased its position in Deckers Outdoor by 2.9% during the 3rd quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker's stock valued at $389,000 after buying an additional 21 shares in the last quarter. Finally, Alcosta Capital Management Inc. increased its position in Deckers Outdoor by 0.4% during the 3rd quarter. Alcosta Capital Management Inc. now owns 5,624 shares of the textile maker's stock valued at $2,891,000 after buying an additional 25 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

Shares of DECK stock traded down $12.92 on Friday, reaching $800.38. The stock had a trading volume of 477,872 shares, compared to its average volume of 377,771. The stock has a market cap of $20.55 billion, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. The company has a 50 day simple moving average of $884.89 and a 200 day simple moving average of $736.93. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, beating the consensus estimate of $11.40 by $3.71. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. Deckers Outdoor's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $10.48 earnings per share. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 26.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on DECK. Wedbush reaffirmed an "outperform" rating and set a $1,000.00 price objective on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Raymond James increased their target price on Deckers Outdoor from $585.00 to $845.00 and gave the company an "outperform" rating in a research note on Tuesday, January 30th. Piper Sandler increased their target price on Deckers Outdoor from $650.00 to $730.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th. Evercore ISI began coverage on Deckers Outdoor in a research note on Thursday, February 15th. They set an "outperform" rating and a $960.00 target price on the stock. Finally, 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. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of "Moderate Buy" and an average target price of $890.93.

Insider Activity at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction on Friday, March 15th. The stock was sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $90,640,481.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the sale, the chief executive officer now directly owns 98,218 shares of the company's stock, valued at $90,640,481.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steven J. Fasching sold 5,000 shares of the firm's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.40, for a total value of $4,222,000.00. Following the sale, the chief financial officer now directly owns 29,291 shares in the company, valued at $24,733,320.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,464 shares of company stock worth $26,229,683. Corporate insiders own 0.70% of the company's stock.

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