Cavalier Investments LLC Sells 19,322 Shares of Deckers Outdoor Co. (NYSE:DECK)

Cavalier Investments LLC lowered its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 91.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,878 shares of the textile maker's stock after selling 19,322 shares during the period. Cavalier Investments LLC's holdings in Deckers Outdoor were worth $381,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC lifted its stake in shares of Deckers Outdoor by 507.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock valued at $120,436,000 after acquiring an additional 495,364 shares during the last quarter. Todd Asset Management LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $31,154,000. Coyle Financial Counsel LLC lifted its stake in shares of Deckers Outdoor by 500.2% in the 4th quarter. Coyle Financial Counsel LLC now owns 4,862 shares of the textile maker's stock valued at $987,000 after acquiring an additional 4,052 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $82,000. Finally, Crestwood Advisors Group LLC lifted its stake in shares of Deckers Outdoor by 4.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,097 shares of the textile maker's stock valued at $629,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DECK. KeyCorp boosted their target price on Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price target on the stock in a report on Friday, February 7th. Truist Financial reduced their price target on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Robert W. Baird boosted their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Finally, UBS Group boosted their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $197.41.

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Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now directly owns 10,222 shares of the company's stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This trade represents a 5.22 % 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 Performance

Shares of DECK traded up $0.80 during mid-day trading on Friday, reaching $139.29. The company had a trading volume of 3,003,189 shares, compared to its average volume of 3,122,442. The firm has a 50-day moving average price of $187.25 and a 200 day moving average price of $154.26. Deckers Outdoor Co. has a 52 week low of $131.39 and a 52 week high of $223.98. The company has a market capitalization of $21.14 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

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

Deckers Outdoor 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.