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

Jag Capital Management LLC decreased its holdings in Deckers Outdoor Co. (NYSE:DECK) by 5.3% in the fourth quarter, Holdings Channel reports. The firm owned 88,460 shares of the textile maker’s stock after selling 4,902 shares during the quarter. Deckers Outdoor accounts for about 2.5% of Jag Capital Management LLC’s portfolio, making the stock its 11th biggest position. Jag Capital Management LLC’s holdings in Deckers Outdoor were worth $17,965,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter worth $31,000. Solstein Capital LLC lifted its position in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Deckers Outdoor by 397.7% in 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 last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

DECK has been the topic of several analyst reports. UBS Group boosted their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Robert W. Baird boosted their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Truist Financial lowered their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Evercore ISI upped their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, Wells Fargo & Company lowered their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Price Performance

NYSE DECK opened at $137.23 on Tuesday. The stock’s fifty day moving average price is $185.84 and its 200 day moving average price is $156.85. Deckers Outdoor Co. has a 1 year low of $131.39 and a 1 year high of $223.98. The company has a market cap of $20.83 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating 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%. Research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,574 shares of company stock worth $6,505,085. Insiders own 0.40% 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 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.