Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 83.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 681 shares of the textile maker's stock after selling 3,380 shares during the quarter. Belpointe Asset Management LLC's holdings in Deckers Outdoor were worth $138,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Deckers Outdoor by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock worth $3,582,464,000 after acquiring an additional 229,807 shares in the last quarter. Geode Capital Management LLC lifted its stake in Deckers Outdoor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock worth $831,723,000 after acquiring an additional 45,035 shares in the last quarter. Norges Bank acquired a new position in Deckers Outdoor during the 4th quarter worth about $392,583,000. American Century Companies Inc. increased its holdings in Deckers Outdoor by 6.4% during the 4th quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock worth $265,262,000 after purchasing an additional 78,623 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the business's stock in a transaction 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 transaction, the director now owns 241,777 shares in the company, 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 SEC, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Thursday, March 6th. The stock was 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 owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Trading Up 1.3 %

Shares of NYSE DECK traded up $1.35 during midday trading on Wednesday, reaching $107.77. 871,752 shares of the stock were exchanged, compared to its average volume of 3,229,558. The company has a market capitalization of $16.36 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 52-week low of $93.72 and a 52-week high of $223.98. The stock has a 50 day moving average price of $122.22 and a 200-day moving average price of $164.83.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

DECK has been the topic of several recent research reports. Piper Sandler cut their price target on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Bank of America increased their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. UBS Group increased their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a report on Friday, January 31st. KeyCorp increased their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, Truist Financial lowered their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Nine research 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's stock. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of "Moderate Buy" and a consensus price target of $187.89.

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.