Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Woodson Capital Management LP

Woodson Capital Management LP decreased its position in Deckers Outdoor Co. (NYSE:DECK) by 66.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 20,900 shares of the textile maker’s stock after selling 42,100 shares during the period. Deckers Outdoor makes up 2.9% of Woodson Capital Management LP’s investment portfolio, making the stock its 12th largest position. Woodson Capital Management LP’s holdings in Deckers Outdoor were worth $13,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. M&T Bank Corp lifted its position in shares of Deckers Outdoor by 11.0% in the 3rd quarter. M&T Bank Corp now owns 990 shares of the textile maker’s stock worth $509,000 after buying an additional 98 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Deckers Outdoor by 65.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 10,570 shares of the textile maker’s stock worth $5,434,000 after buying an additional 4,190 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Deckers Outdoor by 0.8% in the 3rd quarter. Corient Private Wealth LLC now owns 14,568 shares of the textile maker’s stock worth $7,489,000 after buying an additional 113 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Deckers Outdoor in the 3rd quarter worth about $188,000. Finally, Achmea Investment Management B.V. lifted its position in shares of Deckers Outdoor by 305.8% in the 3rd quarter. Achmea Investment Management B.V. now owns 11,501 shares of the textile maker’s stock worth $5,912,000 after buying an additional 8,667 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Up 14.2 %

Shares of Deckers Outdoor stock traded up $128.25 during trading on Friday, hitting $1,032.90. The stock had a trading volume of 949,983 shares, compared to its average volume of 301,647. The stock has a 50 day simple moving average of $873.78 and a 200 day simple moving average of $794.03. The company has a market capitalization of $26.51 billion, a PE ratio of 35.26, a P/E/G ratio of 1.61 and a beta of 1.05. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $1,036.98.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, topping the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 39.90%. The business had revenue of $959.76 million for the quarter, compared to the consensus estimate of $892.00 million. During the same period last year, the firm posted $3.46 earnings per share. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts expect that Deckers Outdoor Co. will post 29.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating on the stock in a research report on Tuesday. Robert W. Baird lifted their price objective on shares of Deckers Outdoor from $975.00 to $1,050.00 and gave the company an “outperform” rating in a research report on Friday. TD Cowen lifted their price objective on shares of Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a “buy” rating in a research report on Friday. Raymond James lifted their price objective on shares of Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Finally, Citigroup boosted their price target on shares of Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $999.44.

Insider Activity at Deckers Outdoor

In related 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 transaction of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

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.