Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its holdings in Deckers Outdoor Co. (NYSE:DECK) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,126 shares of the textile maker’s stock after selling 410 shares during the period. Daiwa Securities Group Inc.’s holdings in Deckers Outdoor were worth $1,421,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Anchor Investment Management LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at $33,000. FSC Wealth Advisors LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at $39,000. Ritter Daniher Financial Advisory LLC DE boosted its stake 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 purchasing an additional 51 shares during the period. Janiczek Wealth Management LLC boosted 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 purchasing an additional 16 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Deckers Outdoor during the 4th quarter valued at $80,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $3,399,311.51. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Insiders have sold 30,464 shares of company stock worth $26,229,683 over the last quarter. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on DECK shares. UBS Group increased their price objective on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Wedbush reiterated an “outperform” rating and set a $1,000.00 price objective on shares of Deckers Outdoor in a research note on Wednesday, April 10th. TD Cowen increased their price objective on shares of 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. Piper Sandler increased their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $930.00 price objective on shares of Deckers Outdoor in a research note on Thursday, February 15th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $890.93.

Deckers Outdoor Trading Up 2.4 %

NYSE DECK opened at $829.94 on Wednesday. Deckers Outdoor Co. has a 52 week low of $424.36 and a 52 week high of $956.17. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. The company has a 50-day moving average price of $884.06 and a two-hundred day moving average price of $743.08.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm posted $10.48 EPS. Deckers Outdoor’s revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts expect that Deckers Outdoor Co. will post 26.87 earnings per share for the current fiscal year.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.