Nissay Asset Management Corp Japan ADV Sells 117,175 Shares of Deckers Outdoor Co. (NYSE:DECK)

Nissay Asset Management Corp Japan ADV decreased its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 141,405 shares of the textile maker's stock after selling 117,175 shares during the quarter. Nissay Asset Management Corp Japan ADV owned 0.09% of Deckers Outdoor worth $29,286,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Deckers Outdoor by 250.0% during the fourth 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 holdings in shares of Deckers Outdoor by 352.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after purchasing an additional 169 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Deckers Outdoor by 404.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock valued at $51,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK traded down $0.11 during trading on Monday, hitting $127.81. 875,660 shares of the stock were exchanged, compared to its average volume of 2,426,580. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The company has a market capitalization 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. The company's fifty day simple moving average is $114.19 and its 200-day simple moving average is $159.45.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DECK shares. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and reduced their target price for the company from $235.00 to $150.00 in a report on Thursday, April 10th. Wells Fargo & Company upped their price target on Deckers Outdoor from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Stifel Nicolaus dropped their price target on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Piper Sandler dropped their price target on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Barclays dropped their price target on Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of "Moderate Buy" and a consensus price target of $162.16.

Insider Transactions at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the business's stock in a transaction 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 sale, the director now 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Deckers Outdoor 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.