Canada Pension Plan Investment Board Sells 5,100 Shares of Deckers Outdoor Co. (NYSE:DECK)

Canada Pension Plan Investment Board reduced its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,300 shares of the textile maker's stock after selling 5,100 shares during the period. Canada Pension Plan Investment Board's holdings in Deckers Outdoor were worth $13,465,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Deckers Outdoor during the fourth quarter valued at about $29,000. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after acquiring an additional 120 shares during the last quarter. Fortitude Family Office LLC boosted its position in 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. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of Deckers Outdoor by 404.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock worth $51,000 after purchasing an additional 202 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the firm's stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DECK shares. Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a research note on Friday, February 7th. KeyCorp lifted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Piper Sandler cut their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company dropped their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Finally, Truist Financial lowered their target price 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 equities research 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 stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and an average target price of $187.89.

Deckers Outdoor Trading Down 1.4 %

DECK stock traded down $1.52 during trading on Friday, reaching $109.13. The stock had a trading volume of 2,006,045 shares, compared to its average volume of 2,374,980. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98. The firm has a market cap of $16.56 billion, a PE ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.07. The stock's 50 day moving average is $119.43 and its two-hundred day moving average is $163.73.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted 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%. On average, research analysts anticipate 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.