Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,259 shares of the textile maker's stock after selling 1,086 shares during the period. Wedge Capital Management L L P NC owned approximately 0.25% of Deckers Outdoor worth $42,953,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $33,000. FSC Wealth Advisors LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $39,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Deckers Outdoor by 170.0% during 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 period. Janiczek Wealth Management LLC boosted its position in shares of Deckers Outdoor by 20.8% during 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 period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Activity at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 98,218 shares of the company's stock, valued at approximately $90,640,481.30. 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 company's stock in a transaction 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 transaction, the chief executive officer now directly owns 98,218 shares of the company's stock, valued at approximately $90,640,481.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Angela Ogbechie sold 313 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the transaction, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. 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 in the last ninety days. Company insiders own 0.70% of the company's stock.

Deckers Outdoor Trading Up 1.2 %

Shares of DECK stock traded up $9.33 during trading hours on Monday, reaching $809.71. 271,594 shares of the company's stock were exchanged, compared to its average volume of 434,684. The stock's 50 day moving average is $884.19 and its 200-day moving average is $740.73. The company has a market cap of $20.79 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 1.42 and a beta of 1.01. Deckers Outdoor Co. has a fifty-two week low of $424.36 and a fifty-two week 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, topping analysts' consensus estimates of $11.40 by $3.71. The business 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%. The business's quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $10.48 earnings per share. Equities analysts anticipate that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wedbush reiterated an "outperform" rating and issued a $1,000.00 price target on shares of Deckers Outdoor in a report on Wednesday, April 10th. KeyCorp assumed coverage on Deckers Outdoor in a report on Wednesday, February 7th. They issued an "overweight" rating and a $960.00 price target for the company. TD Cowen boosted their price target on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a "buy" rating in a report on Thursday. Truist Financial reiterated a "hold" rating and issued a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Deckers Outdoor from $625.00 to $775.00 and gave the stock an "equal weight" rating in a research note on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $890.93.

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.