Crestline Management LP Sells 5,645 Shares of Deckers Outdoor Co. (NYSE:DECK)

Crestline Management LP decreased its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 53.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,969 shares of the textile maker's stock after selling 5,645 shares during the quarter. Crestline Management LP's holdings in Deckers Outdoor were worth $1,009,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DECK. Norges Bank purchased a new position in Deckers Outdoor in the fourth quarter worth approximately $392,583,000. JPMorgan Chase & Co. increased its stake in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Deckers Outdoor during the 4th quarter worth $185,451,000. Envestnet Asset Management Inc. increased its position in shares of Deckers Outdoor by 101.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock worth $203,850,000 after purchasing an additional 505,139 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Deckers Outdoor by 507.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock valued at $120,436,000 after acquiring an additional 495,364 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Price Performance

NYSE DECK traded up $4.93 on Monday, hitting $126.00. 4,587,386 shares of the company were exchanged, compared to its average volume of 2,421,452. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The company's 50 day moving average price is $114.18 and its 200-day moving average price is $160.85. The firm has a market capitalization of $19.12 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 sale, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. This trade represents a 9.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Thursday, March 6th. The stock was 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 directly owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DECK shares. Bank of America boosted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Truist Financial dropped their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a "buy" rating and issued a $246.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and reduced their price target for the company from $235.00 to $150.00 in a report on Thursday, April 10th. Finally, Barclays decreased their price target on Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating on the stock in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $161.89.

About Deckers Outdoor

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.