B. Metzler seel. Sohn & Co. AG Sells 5,217 Shares of Deckers Outdoor Co. (NYSE:DECK)

B. Metzler seel. Sohn & Co. AG lowered its stake in Deckers Outdoor Co. (NYSE:DECK) by 38.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,188 shares of the textile maker’s stock after selling 5,217 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Deckers Outdoor were worth $1,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor in the 4th quarter worth $31,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after purchasing an additional 120 shares during the period. Fortitude Family Office LLC increased its holdings in Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 198 shares during the period. Rakuten Securities Inc. increased its holdings in Deckers Outdoor by 59.8% during the 4th quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock valued at $71,000 after purchasing an additional 131 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Deckers Outdoor by 107.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker’s stock valued at $74,000 after purchasing an additional 189 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

DECK has been the topic of several research analyst reports. Robert W. Baird boosted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. KeyCorp lifted their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group raised their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company reduced their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Trading Up 4.2 %

Deckers Outdoor stock opened at $118.10 on Thursday. The firm has a market cap of $17.92 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12 month low of $105.02 and a 12 month high of $223.98. The stock has a fifty day simple moving average of $147.53 and a two-hundred day simple moving average of $170.49.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, equities research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

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.