Amalgamated Bank Sells 1,074 Shares of Deckers Outdoor Co. (NYSE:DECK)

Amalgamated Bank cut its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,780 shares of the textile maker's stock after selling 1,074 shares during the quarter. Amalgamated Bank owned about 0.07% of Deckers Outdoor worth $12,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $33,000. FSC Wealth Advisors LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $39,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of 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 acquiring an additional 51 shares during the period. Janiczek Wealth Management LLC grew its stake in shares of 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 acquiring an additional 16 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Deckers Outdoor in the 4th quarter worth about $80,000. 97.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DECK. Bank of America cut shares of Deckers Outdoor from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $875.00 to $860.00 in a report on Thursday, April 25th. Wells Fargo & Company upped their target price on Deckers Outdoor from $625.00 to $775.00 and gave the company an "equal weight" rating in a research report on Friday, February 2nd. 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 research note on Thursday, April 18th. Stifel Nicolaus upped their price objective on shares of Deckers Outdoor from $709.00 to $775.00 and gave the stock a "hold" rating in a research report on Friday, February 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $930.00 target price on shares of Deckers Outdoor in a report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of "Moderate Buy" and an average target price of $889.00.

Deckers Outdoor Stock Up 1.2 %

Shares of DECK stock traded up $9.71 during mid-day trading on Friday, reaching $842.34. 223,833 shares of the stock traded hands, compared to its average volume of 362,980. The stock's fifty day simple moving average is $878.19 and its two-hundred day simple moving average is $759.64. Deckers Outdoor Co. has a 1-year low of $424.36 and a 1-year high of $956.17. The company has a market cap of $21.62 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 1.48 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced 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. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the firm posted $10.48 earnings per share. The business's revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 26.89 EPS for the current fiscal year.

Insider Activity

In other news, insider Angela Ogbechie sold 313 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Angela Ogbechie sold 313 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Powers sold 5,993 shares of the firm's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares of the company's stock, valued at $80,942,435.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,464 shares of company stock valued at $26,229,683. 0.70% of the stock is currently owned by corporate insiders.

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.