Zurcher Kantonalbank Zurich Cantonalbank Has $12.85 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 41.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,216 shares of the textile maker’s stock after selling 13,410 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Deckers Outdoor were worth $12,845,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in Deckers Outdoor by 82.6% in the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after purchasing an additional 527,546 shares during the last quarter. Norges Bank bought a new position in Deckers Outdoor in the fourth quarter valued at approximately $94,813,000. Alliancebernstein L.P. increased its stake in Deckers Outdoor by 205.2% in the second quarter. Alliancebernstein L.P. now owns 255,823 shares of the textile maker’s stock valued at $134,988,000 after acquiring an additional 171,999 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Deckers Outdoor by 83.1% during the second quarter. Goldman Sachs Group Inc. now owns 362,863 shares of the textile maker’s stock worth $92,657,000 after buying an additional 164,730 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Deckers Outdoor during the third quarter worth $72,727,000. Institutional investors own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the business’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 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 SEC, which is available at this hyperlink. In other 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 transaction of $264,212.69. Following the completion of the sale, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. Insiders sold a total of 30,464 shares of company stock valued at $26,229,683 over the last three months. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor Trading Down 1.6 %

Shares of NYSE DECK opened at $800.39 on Friday. The firm’s 50-day moving average price is $885.79 and its 200-day moving average price is $733.38. Deckers Outdoor Co. has a 1-year low of $424.36 and a 1-year high of $956.17. The firm has a market capitalization of $20.54 billion, a P/E ratio of 28.79, a P/E/G ratio of 1.45 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 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.45 billion. During the same quarter in the prior year, the business earned $10.48 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts forecast that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on DECK. UBS Group boosted their price objective on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. TD Cowen boosted their price objective on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Thursday. Wedbush restated an “outperform” rating and issued a $1,000.00 target price on shares of Deckers Outdoor in a report on Wednesday, April 10th. Barclays assumed 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. Finally, Evercore ISI assumed coverage on shares of Deckers Outdoor in a report on Thursday, February 15th. They issued an “outperform” rating and a $960.00 target price on the stock. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $890.93.

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.