Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. reduced its stake in Deckers Outdoor Co. (NYSE:DECK) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,030 shares of the textile maker’s stock after selling 3,060 shares during the period. Natixis Advisors L.P. owned approximately 0.06% of Deckers Outdoor worth $10,715,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DECK. Morgan Stanley increased its stake in Deckers Outdoor by 82.6% during the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock worth $599,633,000 after buying an additional 527,546 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Deckers Outdoor during the third quarter worth about $72,727,000. International Assets Investment Management LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth about $73,722,000. AQR Capital Management LLC lifted its stake in shares of Deckers Outdoor by 99.7% in the third quarter. AQR Capital Management LLC now owns 107,782 shares of the textile maker’s stock worth $55,410,000 after acquiring an additional 53,797 shares in the last quarter. Finally, Comerica Bank boosted its holdings in Deckers Outdoor by 21,149.7% in the third quarter. Comerica Bank now owns 39,737 shares of the textile maker’s stock valued at $20,428,000 after purchasing an additional 39,550 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on DECK. TD Cowen lifted their price objective on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Barclays initiated coverage on shares of Deckers Outdoor in a report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price target on the stock. Piper Sandler raised their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $889.00.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,792 shares of company stock worth $23,173,771. Insiders own 0.70% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $862.38 on Wednesday. The firm has a market capitalization of $22.14 billion, a PE ratio of 31.02, a P/E/G ratio of 1.49 and a beta of 1.05. Deckers Outdoor Co. has a 1-year low of $424.36 and a 1-year high of $956.17. The business’s fifty day moving average price is $877.91 and its two-hundred day moving average price is $766.45.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.