Lazard Asset Management LLC Lowers Position in Deckers Outdoor Co. (NYSE:DECK)

Lazard Asset Management LLC reduced its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 46.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,922 shares of the textile maker's stock after selling 30,599 shares during the quarter. Lazard Asset Management LLC's holdings in Deckers Outdoor were worth $7,294,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DECK. Headlands Technologies LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor in the 4th quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. increased its stake in Deckers Outdoor by 250.0% in the 4th 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. 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its stake in shares of Deckers Outdoor by 404.0% in 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.

Deckers Outdoor Stock Performance

Deckers Outdoor stock traded up $0.88 during mid-day trading on Friday, reaching $127.82. The company's stock had a trading volume of 2,156,780 shares, compared to its average volume of 2,432,376. The firm's fifty day moving average price is $114.19 and its two-hundred day moving average price is $159.46. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The company has a market capitalization of $19.40 billion, a P/E ratio of 20.72, a PEG ratio of 1.68 and a beta of 1.11.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and decreased their price target for the company from $235.00 to $150.00 in a research report on Thursday, April 10th. Barclays decreased their target price 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. Truist Financial lowered their target price 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. Jefferies Financial Group increased their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. Finally, UBS Group lifted their price objective on shares of Deckers Outdoor from $150.00 to $158.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $162.16.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company'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 sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

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.