Meridian Wealth Management LLC Sells 253 Shares of Deckers Outdoor Co. (NYSE:DECK)

Meridian Wealth Management LLC reduced its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,439 shares of the textile maker’s stock after selling 253 shares during the quarter. Meridian Wealth Management LLC’s holdings in Deckers Outdoor were worth $292,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bell Investment Advisors Inc lifted its holdings in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after buying an additional 146 shares during the period. Global Trust Asset Management LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its holdings in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares during the period. Brooklyn Investment Group acquired a new position in Deckers Outdoor in the third quarter valued at approximately $36,000. Finally, Avior Wealth Management LLC lifted its holdings in Deckers Outdoor by 2,966.7% in the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock valued at $44,000 after buying an additional 267 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Deckers Outdoor

In other news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated 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 transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,574 shares of company stock valued at $6,505,085. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DECK shares. Truist Financial cut their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Evercore ISI increased their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. 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 report on Friday, December 6th. Finally, Jefferies Financial Group increased their target price 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. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Trading Up 1.7 %

Deckers Outdoor stock opened at $136.04 on Thursday. The company has a market cap of $20.65 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 1-year low of $131.20 and a 1-year high of $223.98. The company has a fifty day simple moving average of $182.92 and a 200 day simple moving average of $157.46.

Deckers Outdoor (NYSE:DECK) last released its earnings results 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 net margin of 19.14% and a return on equity of 41.71%. On average, equities research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Deckers Outdoor Company 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.