Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Interval Partners LP

Interval Partners LP decreased its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 271,980 shares of the textile maker's stock after selling 116,025 shares during the quarter. Deckers Outdoor accounts for about 1.1% of Interval Partners LP's holdings, making the stock its 19th biggest holding. Interval Partners LP owned 0.18% of Deckers Outdoor worth $55,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in Deckers Outdoor by 109.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock valued at $91,965,000 after purchasing an additional 235,091 shares in the last quarter. Navellier & Associates Inc. boosted its stake in Deckers Outdoor by 6.4% in the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock valued at $6,053,000 after acquiring an additional 1,791 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Deckers Outdoor by 62.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock worth $1,407,000 after purchasing an additional 2,668 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Deckers Outdoor by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock worth $203,300,000 after purchasing an additional 32,318 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Deckers Outdoor by 11.0% in the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker's stock valued at $225,855,000 after purchasing an additional 108,054 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Down 1.8%

Shares of Deckers Outdoor stock traded down $2.36 on Wednesday, hitting $127.01. The company's stock had a trading volume of 2,881,925 shares, compared to its average volume of 2,429,008. The company has a market capitalization of $19.28 billion, a P/E ratio of 20.59, 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 firm has a fifty day moving average price of $113.93 and a 200-day moving average price of $160.11.

Analysts Set New Price Targets

Several research firms have commented on DECK. Citigroup cut their price target on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Truist Financial reduced their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Raymond James raised shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and lowered their price objective for the stock from $235.00 to $150.00 in a research report on Thursday, April 10th. Stifel Nicolaus dropped their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Finally, Piper Sandler decreased their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and an average target price of $162.16.

Insider Buying and Selling

In related news, 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 transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, the director now 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 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.