Deckers Outdoor Co. (NYSE:DECK) Holdings Cut by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 35.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,039 shares of the textile maker's stock after selling 9,325 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Deckers Outdoor were worth $3,460,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Deckers Outdoor in the 4th quarter worth $392,583,000. JPMorgan Chase & Co. raised its position in shares of Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after buying an additional 1,170,855 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Deckers Outdoor in the 4th quarter worth $185,451,000. Jacobs Levy Equity Management Inc. raised its position in shares of Deckers Outdoor by 204.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after buying an additional 597,743 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Deckers Outdoor by 101.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock worth $203,850,000 after buying an additional 505,139 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

Shares of NYSE DECK traded up $0.88 during midday trading on Friday, reaching $127.82. 2,156,780 shares of the company's stock were exchanged, compared to its average volume of 2,430,319. The stock has a market capitalization of $19.40 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 52-week low of $93.72 and a 52-week high of $223.98. The business's fifty day moving average price is $114.19 and its two-hundred day moving average price is $159.53.

Insider Buying and Selling

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated 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 completion of the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 completion of the transaction, the director now owns 10,388 shares of the company's stock, 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. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DECK shares. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial lowered their price target on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, January 31st. Stifel Nicolaus lowered their price target on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday, April 10th. KeyCorp lowered their price target on Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Nine equities research 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $162.16.

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.