Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lowered its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 35.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,292 shares of the textile maker’s stock after selling 24,928 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.18% of Deckers Outdoor worth $30,943,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new stake in Deckers Outdoor during the 4th quarter worth $33,000. FSC Wealth Advisors LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth about $39,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after buying an additional 51 shares in the last quarter. Janiczek Wealth Management LLC raised its position in shares of Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after buying an additional 16 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Deckers Outdoor during the 4th quarter worth about $80,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauri M. Shanahan sold 3,672 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the transaction, the director now owns 4,515 shares of the company’s stock, valued at $3,757,473.30. The disclosure for this sale can be found here. Insiders sold 30,464 shares of company stock valued at $26,229,683 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor Price Performance

DECK traded up $26.96 on Friday, reaching $833.46. 268,359 shares of the company traded hands, compared to its average volume of 430,443. The stock’s 50 day moving average price is $882.86 and its 200-day moving average price is $744.28. Deckers Outdoor Co. has a 52-week low of $424.36 and a 52-week high of $956.17. The company has a market cap of $21.39 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.51 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data 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 net margin of 17.57% and a return on equity of 38.77%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm posted $10.48 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that Deckers Outdoor Co. will post 26.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Telsey Advisory Group restated an “outperform” rating and set a $930.00 price target on shares of Deckers Outdoor in a research report on Thursday, February 15th. Barclays started coverage on shares of Deckers Outdoor in a report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 target price on the stock. TD Cowen boosted their target price on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Wedbush reiterated an “outperform” rating and issued a $1,000.00 target price on shares of Deckers Outdoor in a report on Wednesday, April 10th. Finally, Truist Financial reiterated a “hold” rating and issued a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $889.00.

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.