Aigen Investment Management LP Lowers Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Aigen Investment Management LP decreased its position in shares of Deckers Outdoor Co. (NYSE:DECKFree Report) by 68.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,126 shares of the textile maker’s stock after selling 2,469 shares during the period. Aigen Investment Management LP’s holdings in Deckers Outdoor were worth $753,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. grew its stake in shares of Deckers Outdoor by 23.5% during the fourth quarter. Franklin Resources Inc. now owns 61,043 shares of the textile maker’s stock valued at $40,803,000 after buying an additional 11,614 shares during the last quarter. Assetmark Inc. grew its stake in shares of Deckers Outdoor by 28.4% in the fourth quarter. Assetmark Inc. now owns 1,406 shares of the textile maker’s stock worth $940,000 after purchasing an additional 311 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter worth about $257,000. Trexquant Investment LP bought a new stake in shares of Deckers Outdoor in the fourth quarter worth about $11,141,000. Finally, Corient Private Wealth LLC boosted its position in Deckers Outdoor by 1.7% during the 4th quarter. Corient Private Wealth LLC now owns 14,819 shares of the textile maker’s stock valued at $9,905,000 after acquiring an additional 251 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Trading Down 0.1 %

Shares of NYSE:DECK traded down $0.84 on Wednesday, hitting $898.90. 104,894 shares of the company were exchanged, compared to its average volume of 401,549. Deckers Outdoor Co. has a 1-year low of $424.36 and a 1-year high of $956.17. The stock’s 50 day moving average price is $872.61 and its 200 day moving average price is $789.59. The firm has a market capitalization of $23.07 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05.

Analysts Set New Price Targets

DECK has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. Raymond James upped their price objective on Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Wells Fargo & Company increased their price target on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. UBS Group increased their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Citigroup increased their price target on Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $900.31.

View Our Latest Report on DECK

Insider Activity at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $90,640,481.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $90,640,481.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bonita C. Stewart sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the sale, the director now directly owns 8,863 shares of the company’s stock, valued at approximately $7,720,647.93. The disclosure for this sale can be found here. Insiders sold 15,486 shares of company stock worth $13,518,416 over the last three months. Company insiders own 0.70% of the company’s stock.

About Deckers Outdoor

(Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

See Also

Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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