London Co. of Virginia Cuts Stake in Deckers Outdoor Co. (NYSE:DECK)

London Co. of Virginia cut its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 345,942 shares of the textile maker's stock after selling 136,080 shares during the period. London Co. of Virginia owned about 0.23% of Deckers Outdoor worth $70,257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of 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 purchasing an additional 120 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in Deckers Outdoor by 352.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after buying an additional 169 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its stake in 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 purchasing an additional 202 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DECK shares. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Bank of America boosted their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. UBS Group raised their price objective on Deckers Outdoor from $150.00 to $158.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. KeyCorp reduced their price objective 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, Jefferies Financial Group upped their target price on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Nine equities research 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $162.16.

Deckers Outdoor Stock Performance

NYSE DECK traded down $0.45 during trading hours on Thursday, hitting $126.91. 2,255,008 shares of the company's stock were exchanged, compared to its average volume of 2,428,570. The business's 50 day moving average is $114.05 and its 200-day moving average is $159.82. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The firm has a market capitalization of $19.26 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business'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 completion of the sale, the director now owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Powers sold 25,000 shares of the company's 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 sale, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. This 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.

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.