Bayesian Capital Management LP Trims Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Bayesian Capital Management LP decreased its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 40.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,354 shares of the textile maker's stock after selling 11,800 shares during the period. Bayesian Capital Management LP's holdings in Deckers Outdoor were worth $3,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DECK. Headlands Technologies LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor in the fourth quarter worth $31,000. Whittier Trust Co. of Nevada Inc. grew its stake 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 buying an additional 120 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of Deckers Outdoor by 352.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock worth $44,000 after buying an additional 169 shares during the period. Finally, Fortitude Family Office LLC lifted its stake in shares of Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock valued at $45,000 after acquiring an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DECK shares. Barclays raised their price target on Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Bank of America lifted their target price 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. Stifel Nicolaus decreased their target price on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Citigroup reduced their target price on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Jefferies Financial Group increased their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $167.55.

Insider Activity at Deckers Outdoor

In other news, 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 value of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares of the company's stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Deckers Outdoor Stock Up 3.4 %

DECK stock traded up $3.99 during midday trading on Wednesday, hitting $121.06. The company's stock had a trading volume of 2,125,120 shares, compared to its average volume of 2,398,323. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The company has a 50 day moving average of $115.02 and a two-hundred day moving average of $161.46. The firm has a market capitalization of $18.37 billion, a price-to-earnings ratio of 19.63, 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 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 return on equity of 41.71% and a net margin of 19.14%. On average, analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal 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.