Point72 Asia Singapore Pte. Ltd. Sells 5,583 Shares of Deckers Outdoor Co. (NYSE:DECK)

Point72 Asia Singapore Pte. Ltd. trimmed its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 96.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 181 shares of the textile maker's stock after selling 5,583 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Deckers Outdoor were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DECK. Headlands Technologies LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth $31,000. Whittier Trust Co. of Nevada Inc. lifted its position 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 buying an additional 120 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position 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 buying an additional 169 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its position 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 buying an additional 202 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DECK. Barclays dropped their price objective on Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $240.00 target price on shares of Deckers Outdoor in a report on Friday. Truist Financial lowered their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, January 31st. KeyCorp lowered their target price 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, Wells Fargo & Company upped their target price on Deckers Outdoor from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of "Moderate Buy" and an average target price of $162.16.

Deckers Outdoor Trading Down 0.5%

Shares of DECK stock opened at $127.22 on Tuesday. The stock has a market cap of $19.31 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.68 and a beta of 1.11. The stock has a 50-day moving average of $114.30 and a 200-day moving average of $159.24. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98.

Insider Activity

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor 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. The trade was a 9.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares of the company's stock, valued at $1,396,978.24. This represents a 2.81% decrease in their position. 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.

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