Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 30.4% during the fourth quarter, Holdings Channel reports. The firm owned 2,049 shares of the textile maker’s stock after selling 897 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Deckers Outdoor were worth $416,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after acquiring an additional 1,170,855 shares in the last quarter. City Center Advisors LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth about $575,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Deckers Outdoor by 506.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock valued at $1,060,000 after purchasing an additional 5,574 shares during the period. Principal Financial Group Inc. grew its stake in Deckers Outdoor by 512.9% during the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock worth $63,371,000 after buying an additional 332,590 shares during the last quarter. Finally, Cadent Capital Advisors LLC increased its position in Deckers Outdoor by 116.8% during the fourth quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock worth $1,316,000 after buying an additional 3,491 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DECK. Wells Fargo & Company raised their target price on shares of Deckers Outdoor from $170.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Telsey Advisory Group raised their price objective on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. KeyCorp upped their target price on shares of Deckers Outdoor from $190.00 to $213.00 and gave the company an “overweight” rating in a report on Friday, December 6th. StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, Evercore ISI upped their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $165.06.

Deckers Outdoor Trading Up 0.9 %

Shares of Deckers Outdoor stock opened at $210.15 on Friday. The company has a 50-day moving average of $199.20 and a two-hundred day moving average of $123.15. The stock has a market cap of $31.93 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08. Deckers Outdoor Co. has a 12-month low of $120.23 and a 12-month high of $214.70.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. Deckers Outdoor’s revenue was up 20.1% on a year-over-year basis. On average, sell-side analysts forecast that Deckers Outdoor Co. will post 5.53 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,036 shares of company stock valued at $13,715,482. Insiders own 0.40% of the company’s stock.

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.