Canada Pension Plan Investment Board Sells 5,100 Shares of Deckers Outdoor Co. (NYSE:DECK)

Canada Pension Plan Investment Board lowered its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,300 shares of the textile maker's stock after selling 5,100 shares during the period. Canada Pension Plan Investment Board's holdings in Deckers Outdoor were worth $13,465,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DECK. Farringdon Capital Ltd. purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at approximately $543,000. Marshall Wace LLP purchased a new position in Deckers Outdoor during the fourth quarter valued at $13,080,000. Zacks Investment Management bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $3,689,000. NewEdge Advisors LLC grew its position in shares of Deckers Outdoor by 5.7% in the 4th quarter. NewEdge Advisors LLC now owns 9,351 shares of the textile maker's stock worth $1,899,000 after buying an additional 507 shares during the period. Finally, Regal Investment Advisors LLC bought a new position in shares of Deckers Outdoor in the 4th quarter worth about $270,000. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DECK shares. Raymond James upgraded shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and cut their price objective for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Barclays boosted their target price on Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Jefferies Financial Group raised their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Finally, Truist Financial cut their price objective 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $187.89.

Deckers Outdoor Stock Performance

Shares of NYSE DECK traded down $1.52 during midday trading on Friday, reaching $109.13. The stock had a trading volume of 2,001,585 shares, compared to its average volume of 2,377,110. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The stock has a 50-day moving average of $120.36 and a 200-day moving average of $164.10.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating analysts' consensus estimates 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, analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

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.