Entropy Technologies LP Trims Holdings in Deckers Outdoor Co. (NYSE:DECK)

Entropy Technologies LP lowered its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 59.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,390 shares of the textile maker's stock after selling 11,059 shares during the quarter. Entropy Technologies LP's holdings in Deckers Outdoor were worth $1,501,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at $31,000. Solstein Capital LLC boosted its position in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Bell Investment Advisors Inc lifted its position in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock valued at $28,000 after buying an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker's stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock valued at $35,000 after acquiring an additional 175 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Shares of DECK traded down $3.84 during trading hours on Tuesday, hitting $157.81. The stock had a trading volume of 3,478,561 shares, compared to its average volume of 3,064,555. The firm has a 50-day moving average price of $202.74 and a 200 day moving average price of $143.80. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The firm has a market capitalization of $23.95 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.93 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DECK shares. UBS Group raised their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Stifel Nicolaus boosted their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. TD Cowen increased their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Robert W. Baird boosted their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, Citigroup raised shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a report on Friday. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $197.41.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the transaction, the director now owns 10,222 shares of the company's stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Caroti Stefano sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the transaction, the chief executive officer now owns 273,540 shares in the company, valued at approximately $48,069,184.20. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,956 shares of company stock worth $10,387,731. 0.40% of the stock is owned by corporate 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.