Interval Partners LP Trims Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Interval Partners LP trimmed its holdings in Deckers Outdoor Co. (NYSE:DECK) by 29.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 271,980 shares of the textile maker’s stock after selling 116,025 shares during the period. Deckers Outdoor makes up about 1.1% of Interval Partners LP’s holdings, making the stock its 19th largest holding. Interval Partners LP owned approximately 0.18% of Deckers Outdoor worth $55,236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Deckers Outdoor in the 4th quarter valued at approximately $392,583,000. JPMorgan Chase & Co. grew its stake in shares of Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after buying an additional 1,170,855 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at $185,451,000. Jacobs Levy Equity Management Inc. lifted its stake in Deckers Outdoor by 204.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker’s stock worth $180,674,000 after acquiring an additional 597,743 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Deckers Outdoor by 101.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker’s stock valued at $203,850,000 after acquiring an additional 505,139 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 3.5 %

Shares of NYSE DECK opened at $121.18 on Friday. The stock has a market cap of $18.39 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.68 and a beta of 1.11. The stock has a 50 day moving average of $114.18 and a two-hundred day moving average of $160.79. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DECK shares. Wells Fargo & Company reduced their price target on shares of Deckers Outdoor from $210.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Bank of America raised their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. KeyCorp cut their price objective on Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Citigroup cut their price target on Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.55.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now directly 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 document filed with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor 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 sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Company 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.