Cresset Asset Management LLC Sells 7,718 Shares of Deckers Outdoor Co. (NYSE:DECK)

Cresset Asset Management LLC decreased its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 84.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,415 shares of the textile maker's stock after selling 7,718 shares during the period. Cresset Asset Management LLC's holdings in Deckers Outdoor were worth $287,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth $31,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after purchasing an additional 120 shares in the last quarter. Itau Unibanco Holding S.A. grew its holdings in shares of Deckers Outdoor by 352.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock worth $44,000 after purchasing an additional 169 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its holdings 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 in the last quarter. Institutional investors own 97.79% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Piper Sandler reduced their target price on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Truist Financial reduced their price objective on 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 research note on Friday, January 31st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday. Finally, KeyCorp reduced their price objective 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. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.84.

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Powers sold 25,000 shares of the firm'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 value of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares of the company's stock, valued at $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 corporate insiders.

Deckers Outdoor Stock Performance

Shares of DECK traded up $1.71 during mid-day trading on Tuesday, reaching $129.12. 3,403,770 shares of the company were exchanged, compared to its average volume of 2,435,573. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98. The stock has a market capitalization of $19.60 billion, a PE ratio of 20.93, a PEG ratio of 1.68 and a beta of 1.11. The business has a 50 day simple moving average of $114.30 and a two-hundred day simple moving average of $159.24.

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.