Shellback Capital LP Trims Holdings in Deckers Outdoor Co. (NYSE:DECK)

Shellback Capital LP trimmed its stake in Deckers Outdoor Co. (NYSE:DECK) by 15.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 170,085 shares of the textile maker’s stock after selling 30,915 shares during the period. Deckers Outdoor comprises 2.4% of Shellback Capital LP’s investment portfolio, making the stock its 11th biggest holding. Shellback Capital LP owned approximately 0.11% of Deckers Outdoor worth $34,543,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DECK. Siemens Fonds Invest GmbH grew its holdings in shares of Deckers Outdoor by 258.6% in the fourth quarter. Siemens Fonds Invest GmbH now owns 5,874 shares of the textile maker’s stock valued at $1,121,000 after purchasing an additional 4,236 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Deckers Outdoor by 9.7% in the 4th quarter. Rafferty Asset Management LLC now owns 15,612 shares of the textile maker’s stock valued at $3,171,000 after buying an additional 1,385 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in Deckers Outdoor in the 4th quarter valued at $4,345,000. Point72 Hong Kong Ltd purchased a new stake in Deckers Outdoor in the 4th quarter valued at $19,971,000. Finally, ProShare Advisors LLC raised its position in Deckers Outdoor by 14.7% in the 4th quarter. ProShare Advisors LLC now owns 22,070 shares of the textile maker’s stock valued at $4,482,000 after purchasing an additional 2,834 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DECK. Raymond James upgraded shares of Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from $235.00 to $150.00 in a research report on Thursday, April 10th. Needham & Company LLC reiterated a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Truist Financial reduced their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. KeyCorp reduced their price target on shares of Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, April 29th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.16.

Deckers Outdoor Stock Down 0.4%

NYSE:DECK opened at $126.91 on Friday. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The stock has a market cap of $19.26 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The firm’s fifty day simple moving average is $114.05 and its 200-day simple moving average is $159.82.

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.