AQR Capital Management LLC Sells 309,283 Shares of Deckers Outdoor Co. (NYSE:DECK)

AQR Capital Management LLC cut its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 47.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 343,305 shares of the textile maker's stock after selling 309,283 shares during the quarter. AQR Capital Management LLC owned 0.23% of Deckers Outdoor worth $69,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in shares of Deckers Outdoor by 13.9% during the 4th quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock worth $321,228,000 after purchasing an additional 192,469 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its stake in Deckers Outdoor by 4.6% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,902 shares of the textile maker's stock worth $386,000 after buying an additional 84 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth $8,651,000. Virtus ETF Advisers LLC increased its holdings in Deckers Outdoor by 14.4% in the 4th quarter. Virtus ETF Advisers LLC now owns 6,796 shares of the textile maker's stock valued at $1,380,000 after buying an additional 856 shares during the period. Finally, Lord Abbett & CO. LLC raised its stake in shares of Deckers Outdoor by 181.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 171,579 shares of the textile maker's stock valued at $34,846,000 after buying an additional 110,685 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on DECK. UBS Group upped their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Piper Sandler lowered their price objective on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company dropped their target price on Deckers Outdoor from $210.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday. KeyCorp decreased their price target on Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Finally, Raymond James upgraded Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and dropped their price objective for the stock from $235.00 to $150.00 in a research note on Thursday, April 10th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $174.55.

Deckers Outdoor Trading Up 5.3 %

Shares of NYSE:DECK traded up $5.88 during trading on Friday, hitting $117.01. 2,490,092 shares of the company's stock were exchanged, compared to its average volume of 2,393,029. The firm has a market cap of $17.76 billion, a P/E ratio of 18.97, a PEG ratio of 1.68 and a beta of 1.11. The firm has a 50-day moving average price of $115.99 and a two-hundred day moving average price of $162.07. 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 released its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping 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, research analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.