Deckers Outdoor Co. (NYSE:DECK) Shares Sold by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. decreased its position in Deckers Outdoor Co. (NYSE:DECK) by 25.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,324 shares of the textile maker’s stock after selling 5,488 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Deckers Outdoor were worth $3,318,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock valued at $91,965,000 after purchasing an additional 235,091 shares during the last quarter. Navellier & Associates Inc. grew its position in shares of Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock valued at $6,053,000 after buying an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in Deckers Outdoor by 62.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock worth $1,407,000 after acquiring an additional 2,668 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Deckers Outdoor by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock worth $203,300,000 after acquiring an additional 32,318 shares during the last quarter. Finally, Amundi boosted its stake in Deckers Outdoor by 11.0% in the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock valued at $225,855,000 after acquiring an additional 108,054 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Insider Transactions at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $124.82 on Tuesday. Deckers Outdoor Co. has a 1 year low of $112.10 and a 1 year high of $223.98. The business’s fifty day moving average is $160.63 and its 200-day moving average is $167.03. The stock has a market cap of $18.94 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Equities research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Robert W. Baird raised their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company reduced their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Barclays lifted their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.