Oppenheimer Asset Management Inc. Sells 2,538 Shares of Deckers Outdoor Co. (NYSE:DECK)

Oppenheimer Asset Management Inc. lessened its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,358 shares of the textile maker's stock after selling 2,538 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Deckers Outdoor were worth $2,713,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in DECK. Allspring Global Investments Holdings LLC grew its holdings in Deckers Outdoor by 109.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock valued at $91,965,000 after buying an additional 235,091 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Deckers Outdoor by 62.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock valued at $1,407,000 after purchasing an additional 2,668 shares during the period. Navellier & Associates Inc. increased its holdings in shares of Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock worth $6,053,000 after purchasing an additional 1,791 shares during the period. Principal Financial Group Inc. grew its position in Deckers Outdoor by 25.7% during the fourth quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker's stock worth $101,457,000 after buying an additional 102,134 shares in the last quarter. Finally, Sigma Investment Counselors Inc. acquired a new position in Deckers Outdoor in the 4th quarter valued at approximately $3,143,000. Institutional investors own 97.79% of the company's stock.

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Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,574 shares of company stock worth $6,505,085. 0.40% of the stock is owned by insiders.

Deckers Outdoor Trading Down 1.3 %

Deckers Outdoor stock traded down $1.75 during mid-day trading on Thursday, hitting $134.34. The stock had a trading volume of 909,377 shares, compared to its average volume of 3,057,205. The stock has a market capitalization of $20.39 billion, a PE ratio of 21.76, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 12 month low of $131.20 and a 12 month high of $223.98. The stock has a 50-day simple moving average of $182.92 and a two-hundred day simple moving average of $157.46.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Sell-side analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. UBS Group upped their target price on Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Jefferies Financial Group raised their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a research note on Friday, February 7th. Stifel Nicolaus upped their price target on Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Finally, Robert W. Baird boosted their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of "Moderate Buy" and a consensus target price of $197.41.

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.