Deckers Outdoor Corp (NYSE:DECK) Shares Sold by Wedge Capital Management L L P NC
Wedge Capital Management L L P NC reduced its holdings in Deckers Outdoor Corp (NYSE:DECK) by 0.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 252,009 shares of the textile maker’s stock after selling 1,945 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Deckers Outdoor were worth $44,346,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in DECK. Nkcfo LLC bought a new stake in shares of Deckers Outdoor during the 2nd quarter worth $222,000. Robecosam AG lifted its holdings in shares of Deckers Outdoor by 24.4% in the second quarter. Robecosam AG now owns 68,886 shares of the textile maker’s stock valued at $12,072,000 after purchasing an additional 13,513 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Deckers Outdoor by 1.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,390 shares of the textile maker’s stock worth $948,000 after acquiring an additional 80 shares in the last quarter. Aperio Group LLC raised its holdings in Deckers Outdoor by 17.3% during the second quarter. Aperio Group LLC now owns 55,227 shares of the textile maker’s stock valued at $9,718,000 after buying an additional 8,161 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management raised its position in Deckers Outdoor by 10.6% in the 2nd quarter. Mesirow Financial Investment Management Equity Management now owns 50,815 shares of the textile maker’s stock worth $8,942,000 after purchasing an additional 4,850 shares during the last quarter.
Shares of NYSE DECK traded up $3.07 during midday trading on Tuesday, hitting $146.14. The company’s stock had a trading volume of 536,163 shares, compared to its average volume of 565,569. The company’s fifty day simple moving average is $166.71. Deckers Outdoor Corp has a one year low of $101.69 and a one year high of $180.76. The company has a quick ratio of 1.62, a current ratio of 2.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.38 and a beta of 0.82.
A number of equities analysts recently weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $192.00 target price (up previously from $189.00) on shares of Deckers Outdoor in a research note on Friday, July 26th. Zacks Investment Research upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a report on Wednesday, May 29th. Susquehanna Bancshares raised their price target on shares of Deckers Outdoor from $180.00 to $205.00 in a report on Friday, July 26th. Pivotal Research boosted their price target on shares of Deckers Outdoor to $152.00 in a report on Monday, July 22nd. Finally, Wedbush lifted their price objective on shares of Deckers Outdoor from $138.00 to $148.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $162.29.
In related news, insider Andrea O’donnell sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $153.13, for a total transaction of $321,573.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lauri M. Shanahan sold 1,813 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $155.53, for a total transaction of $281,975.89. Following the sale, the director now directly owns 12,131 shares in the company, valued at approximately $1,886,734.43. The disclosure for this sale can be found here. In the last three months, insiders sold 5,263 shares of company stock worth $807,763. Insiders own 0.90% of the company’s stock.
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. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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