Wedge Capital Management L L P NC lessened its holdings in shares of Deckers Outdoor Corp (NYSE:DECK) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,278 shares of the textile maker’s stock after selling 45,636 shares during the period. Wedge Capital Management L L P NC’s holdings in Deckers Outdoor were worth $32,468,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of DECK. Covington Capital Management acquired a new position in Deckers Outdoor during the 2nd quarter valued at about $25,000. Doyle Wealth Management acquired a new stake in shares of Deckers Outdoor in the 2nd quarter worth approximately $37,000. North Star Investment Management Corp. acquired a new stake in shares of Deckers Outdoor in the 3rd quarter worth approximately $66,000. FinTrust Capital Advisors LLC boosted its holdings in shares of Deckers Outdoor by 27.6% in the third quarter. FinTrust Capital Advisors LLC now owns 462 shares of the textile maker’s stock valued at $68,000 after acquiring an additional 100 shares in the last quarter. Finally, Quest Capital Management Inc. ADV acquired a new position in shares of Deckers Outdoor during the third quarter valued at approximately $71,000. Institutional investors and hedge funds own 99.53% of the company’s stock.
Shares of NYSE:DECK opened at $168.82 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 2.44. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.53 and a beta of 0.86. Deckers Outdoor Corp has a 1-year low of $112.64 and a 1-year high of $180.76. The company has a 50 day moving average price of $166.44 and a 200 day moving average price of $157.69.
In other news, Director John Mersman Gibbons sold 3,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $159.62, for a total value of $478,860.00. Following the completion of the sale, the director now owns 25,528 shares of the company’s stock, valued at $4,074,779.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO David E. Lafitte sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $148.44, for a total value of $148,440.00. Following the completion of the sale, the chief operating officer now directly owns 30,837 shares of the company’s stock, valued at approximately $4,577,444.28. The disclosure for this sale can be found here. Insiders have sold 14,500 shares of company stock worth $2,348,760 over the last ninety days. 0.90% of the stock is owned by insiders.
Several equities research analysts recently commented on the company. Bank of America set a $202.00 target price on Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Co raised Deckers Outdoor from a “market perform” rating to an “outperform” rating and increased their price target for the company from $177.00 to $195.00 in a research note on Monday, November 25th. ValuEngine upgraded Deckers Outdoor from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Susquehanna Bancshares reiterated a “buy” rating and set a $220.00 price target on shares of Deckers Outdoor in a research report on Friday, November 15th. Finally, Stifel Nicolaus set a $175.00 price objective on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $180.23.
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. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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