Jag Capital Management LLC Sells 4,902 Shares of Deckers Outdoor Co. (NYSE:DECK)

Jag Capital Management LLC lessened its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,460 shares of the textile maker's stock after selling 4,902 shares during the period. Deckers Outdoor accounts for 2.5% of Jag Capital Management LLC's holdings, making the stock its 11th biggest position. Jag Capital Management LLC owned about 0.06% of Deckers Outdoor worth $17,965,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DECK. Solstein Capital LLC grew its stake in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock valued at $26,000 after buying an additional 135 shares during the last quarter. Bell Investment Advisors Inc boosted its holdings in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock worth $28,000 after acquiring an additional 146 shares during the period. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. increased its stake in shares of Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock worth $35,000 after purchasing an additional 175 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Deckers Outdoor in the 3rd quarter valued at $36,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Price Performance

NYSE:DECK traded down $0.17 during trading hours on Thursday, hitting $135.92. The company's stock had a trading volume of 546,159 shares, compared to its average volume of 3,048,890. The stock has a fifty day simple moving average of $182.92 and a 200-day simple moving average of $157.46. Deckers Outdoor Co. has a twelve month low of $131.20 and a twelve month high of $223.98. The company has a market capitalization of $20.63 billion, a P/E ratio of 22.11, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data 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 analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analyst Ratings Changes

DECK has been the topic of several recent research reports. Evercore ISI increased their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Barclays boosted their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Robert W. Baird increased their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, UBS Group boosted their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.41.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on 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 completion of the sale, the director now owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,574 shares of company stock worth $6,505,085 in the last ninety days. Company insiders own 0.40% of the company's stock.

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.