BNP Paribas Has $813,000 Stake in Deckers Outdoor Co. (NYSE:DECK)

BNP Paribas reduced its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 78.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,000 shares of the textile maker's stock after selling 14,968 shares during the quarter. BNP Paribas' holdings in Deckers Outdoor were worth $813,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DECK. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth $29,000. Global Trust Asset Management LLC bought a new position in Deckers Outdoor in the 4th quarter worth $31,000. Whittier Trust Co. of Nevada Inc. lifted its position in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after acquiring an additional 120 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Deckers Outdoor by 352.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after acquiring an additional 169 shares during the period. Finally, Fortitude Family Office LLC grew its position 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 valued at $45,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of the firm's 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 sale, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Trading Up 5.3 %

NYSE DECK opened at $117.01 on Monday. The company has a market cap of $17.76 billion, a PE ratio of 18.97, a PEG ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The stock has a 50 day moving average of $115.99 and a 200-day moving average of $162.08.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS 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%. As a group, sell-side analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Piper Sandler decreased their target price on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Citigroup cut their price target on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. Needham & Company LLC restated a "buy" rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Deckers Outdoor from $210.00 to $115.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, Truist Financial dropped 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. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and an average price target of $174.55.

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.

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