Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC lowered its holdings in Deckers Outdoor Co. (NYSE:DECK) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,160 shares of the textile maker’s stock after selling 420 shares during the period. Pier 88 Investment Partners LLC’s holdings in Deckers Outdoor were worth $1,657,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Axiom Investors LLC DE acquired a new position in shares of Deckers Outdoor in the fourth quarter worth $46,340,000. Wellington Management Group LLP grew its stake in Deckers Outdoor by 24.7% during the 4th quarter. Wellington Management Group LLP now owns 1,100,236 shares of the textile maker’s stock worth $223,447,000 after purchasing an additional 217,887 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Deckers Outdoor by 6.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 33,357 shares of the textile maker’s stock worth $6,774,000 after purchasing an additional 2,008 shares during the period. CIBC Private Wealth Group LLC raised its position in Deckers Outdoor by 1.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,896 shares of the textile maker’s stock valued at $1,016,000 after purchasing an additional 90 shares in the last quarter. Finally, Martin Currie Ltd. purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at about $57,688,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s 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 transaction, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was 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 corporate insiders.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $111.53 on Monday. Deckers Outdoor Co. has a one year low of $110.12 and a one year high of $223.98. The company has a 50-day simple moving average of $153.46 and a 200-day simple moving average of $169.64. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.68 and a beta of 1.10.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DECK. UBS Group raised their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday, January 31st. Bank of America lifted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Barclays increased their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Stifel Nicolaus upped their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Finally, Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

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.