Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Interval Partners LP

Interval Partners LP reduced its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 29.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 271,980 shares of the textile maker’s stock after selling 116,025 shares during the quarter. Deckers Outdoor comprises 1.1% of Interval Partners LP’s portfolio, making the stock its 19th biggest holding. Interval Partners LP’s holdings in Deckers Outdoor were worth $55,236,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $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. increased its stake in shares of Deckers Outdoor by 250.0% during 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 in the last quarter. Itau Unibanco Holding S.A. raised its position in shares of Deckers Outdoor by 352.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker’s stock worth $44,000 after purchasing an additional 169 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its stake in Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after buying an additional 198 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 3.5 %

NYSE:DECK opened at $121.18 on Friday. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The firm has a market capitalization of $18.39 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.68 and a beta of 1.11. The firm’s fifty day simple moving average is $114.18 and its 200 day simple moving average is $160.79.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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%. On average, analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Raymond James raised Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and cut their price target for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. Barclays boosted their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Wells Fargo & Company reduced their price objective on shares of Deckers Outdoor from $210.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup lowered their target price on shares of Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Nine research 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. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.55.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company 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.