Caisse DE Depot ET Placement DU Quebec Sells 48,545 Shares of Deckers Outdoor Co. (NYSE:DECK)

Caisse DE Depot ET Placement DU Quebec decreased its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 962,528 shares of the textile maker's stock after selling 48,545 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.63% of Deckers Outdoor worth $195,480,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Resonant Capital Advisors LLC lifted its holdings in Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock valued at $489,000 after purchasing an additional 52 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. raised its stake in Deckers Outdoor by 2.6% in the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock valued at $521,000 after purchasing an additional 64 shares in the last quarter. Prosperity Wealth Management Inc. lifted its holdings in shares of Deckers Outdoor by 2.8% during the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock worth $564,000 after acquiring an additional 75 shares during the last quarter. Finally, WD Rutherford LLC boosted its holdings in shares of Deckers Outdoor by 4.8% in the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock worth $352,000 after purchasing an additional 79 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Shares of DECK traded up $5.88 during mid-day trading on Friday, hitting $117.01. 2,490,092 shares of the company traded hands, compared to its average volume of 2,393,029. The stock has a 50-day moving average price of $115.99 and a two-hundred day moving average price of $162.07. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted 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 return on equity of 41.71% and a net margin of 19.14%. On average, analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays increased their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Evercore ISI upped their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. KeyCorp cut their target price on shares of Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company decreased their price target 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. Finally, Bank of America raised their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and an average price target of $174.55.

Insider Transactions at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was 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 in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was 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 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.