Apella Capital LLC Sells 152 Shares of Deckers Outdoor Co. (NYSE:DECK)

Apella Capital LLC reduced its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,575 shares of the textile maker’s stock after selling 152 shares during the quarter. Apella Capital LLC’s holdings in Deckers Outdoor were worth $523,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its position in shares of Deckers Outdoor by 39.1% in the fourth quarter. Park Avenue Securities LLC now owns 20,360 shares of the textile maker’s stock valued at $4,135,000 after buying an additional 5,727 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Deckers Outdoor by 3,081.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 287,603 shares of the textile maker’s stock valued at $58,409,000 after acquiring an additional 278,564 shares during the period. Board of the Pension Protection Fund acquired a new stake in Deckers Outdoor during the 4th quarter valued at $284,000. Wallace Advisory Group LLC boosted its position in Deckers Outdoor by 461.5% during the fourth quarter. Wallace Advisory Group LLC now owns 1,314 shares of the textile maker’s stock worth $267,000 after purchasing an additional 1,080 shares during the period. Finally, Shira Ridge Wealth Management increased its holdings in shares of Deckers Outdoor by 9.2% in the fourth quarter. Shira Ridge Wealth Management now owns 3,262 shares of the textile maker’s stock valued at $662,000 after purchasing an additional 274 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 1.3 %

Shares of Deckers Outdoor stock opened at $203.46 on Thursday. The company has a market cap of $30.91 billion, a P/E ratio of 35.78, a PEG ratio of 2.90 and a beta of 1.08. The business has a 50-day moving average price of $197.77 and a two-hundred day moving average price of $121.26. Deckers Outdoor Co. has a 1-year low of $117.02 and a 1-year high of $214.70.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. Equities research analysts forecast that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven J. Fasching sold 8,802 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $175.00, for a total value of $1,540,350.00. Following the completion of the sale, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at $26,781,300. This trade represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,036 shares of company stock valued at $13,715,482 over the last ninety days. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. 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 note on Friday, January 10th. Bank of America raised their price objective on shares of Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Robert W. Baird lifted their price target on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Guggenheim initiated coverage on Deckers Outdoor in a report on Wednesday, October 9th. They issued a “neutral” rating on the stock. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.76.

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 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.