Bridgewater Associates LP Reduces Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Bridgewater Associates LP lowered its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 50.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,206 shares of the textile maker's stock after selling 136,709 shares during the period. Bridgewater Associates LP owned about 0.09% of Deckers Outdoor worth $27,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. raised its position in Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after purchasing an additional 120 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock worth $45,000 after buying an additional 198 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in shares of Deckers Outdoor by 404.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock valued at $51,000 after buying an additional 202 shares during the period. Institutional investors own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the firm'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 sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction 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 transaction, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Up 2.6 %

NYSE DECK traded up $2.64 during trading hours on Friday, hitting $105.66. 1,754,040 shares of the company were exchanged, compared to its average volume of 2,382,019. The stock has a market cap of $16.04 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. The stock has a 50-day moving average price of $124.26 and a 200 day moving average price of $165.56. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data 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 return on equity of 41.71% and a net margin of 19.14%. As a group, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on DECK. Truist Financial reduced 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 note on Friday, January 31st. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the stock from $235.00 to $150.00 in a research note on Thursday, April 10th. Piper Sandler cut their target price on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. 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 report on Tuesday, January 28th. Finally, Citigroup upgraded shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of "Moderate Buy" and an average target price 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.