LMR Partners LLP Sells 48,555 Shares of Deckers Outdoor Co. (NYSE:DECK)

LMR Partners LLP cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 97.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,445 shares of the textile maker's stock after selling 48,555 shares during the quarter. LMR Partners LLP's holdings in Deckers Outdoor were worth $293,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DECK. JPMorgan Chase & Co. boosted its position in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after acquiring an additional 1,170,855 shares during the period. Czech National Bank boosted its position in Deckers Outdoor by 6.1% during the 4th quarter. Czech National Bank now owns 32,940 shares of the textile maker's stock worth $6,690,000 after acquiring an additional 1,882 shares during the period. Miracle Mile Advisors LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth about $1,067,000. Board of the Pension Protection Fund acquired a new stake in Deckers Outdoor during the 4th quarter worth about $284,000. Finally, Assenagon Asset Management S.A. boosted its position in Deckers Outdoor by 3,081.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 287,603 shares of the textile maker's stock worth $58,409,000 after acquiring an additional 278,564 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Price Performance

DECK traded up $0.88 on Friday, hitting $127.82. The company had a trading volume of 2,156,780 shares, compared to its average volume of 2,432,376. The company's fifty day moving average price is $114.19 and its 200 day moving average price is $159.46. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The stock has a market cap of $19.40 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DECK. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Citigroup reduced their price target on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. Truist Financial reduced 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 reduced 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. Finally, Barclays reduced their price target on Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $162.16.

Insider Buying and Selling

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 transaction, the director now directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. The trade was a 9.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on 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 directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

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.