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

LMR Partners LLP lessened its holdings in Deckers Outdoor Co. (NYSE:DECK) by 97.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. raised its stake in Deckers Outdoor by 250.0% in 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 in the last quarter. Itau Unibanco Holding S.A. raised 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 purchasing an additional 169 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in Deckers Outdoor by 404.0% in 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 in the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

A number of research analysts recently commented on DECK shares. Citigroup dropped their price target on Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Jefferies Financial Group boosted their target price on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Barclays lowered their target price on Deckers Outdoor from $231.00 to $129.00 and set an “overweight” rating for the company in a research note on Monday. Raymond James raised Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and lowered their target price for the stock from $235.00 to $150.00 in a research note on Thursday, April 10th. Finally, Piper Sandler lowered their target price on 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 investment 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $162.16.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $127.01 on Thursday. The business has a 50 day moving average of $113.93 and a 200-day moving average of $160.11. 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 $19.28 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.68 and a beta of 1.11.

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.