Crestline Management LP Sells 5,645 Shares of Deckers Outdoor Co. (NYSE:DECK)

Crestline Management LP cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 53.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,969 shares of the textile maker’s stock after selling 5,645 shares during the quarter. Crestline Management LP’s holdings in Deckers Outdoor were worth $1,009,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Resonant Capital Advisors LLC raised its holdings in Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock worth $489,000 after acquiring an additional 52 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Deckers Outdoor by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after purchasing an additional 54 shares in the last quarter. Mather Group LLC. raised its stake in shares of Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after purchasing an additional 64 shares in the last quarter. Prosperity Wealth Management Inc. boosted its holdings in shares of Deckers Outdoor by 2.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock valued at $564,000 after buying an additional 75 shares during the last quarter. Finally, WD Rutherford LLC increased its holdings in Deckers Outdoor by 4.8% during the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock worth $352,000 after buying an additional 79 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 4.1 %

DECK stock opened at $125.83 on Friday. The company’s 50-day moving average price is $114.43 and its two-hundred day moving average price is $160.95. The firm has a market cap of $19.10 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Jefferies Financial Group upped their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Wells Fargo & Company dropped their price target on 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, Bank of America lifted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $167.55.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on 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 owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Powers sold 25,000 shares of the stock in a transaction on Friday, February 28th. The shares were 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 of the company’s stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

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.