Qsemble Capital Management LP Trims Holdings in Deckers Outdoor Corporation $DECK

Qsemble Capital Management LP trimmed its position in Deckers Outdoor Corporation (NYSE:DECK) by 59.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,295 shares of the textile maker’s stock after selling 43,983 shares during the period. Qsemble Capital Management LP’s holdings in Deckers Outdoor were worth $3,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Viking Global Investors LP purchased a new position in Deckers Outdoor in the 3rd quarter valued at about $175,058,000. Northern Trust Corp lifted its holdings in Deckers Outdoor by 3.6% in the 3rd quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock valued at $174,513,000 after purchasing an additional 60,029 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Deckers Outdoor by 12.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,445,580 shares of the textile maker’s stock valued at $146,538,000 after purchasing an additional 165,384 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Deckers Outdoor by 29.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,442,771 shares of the textile maker’s stock valued at $146,254,000 after purchasing an additional 331,794 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in Deckers Outdoor by 9.2% in the 3rd quarter. TD Asset Management Inc now owns 1,378,343 shares of the textile maker’s stock valued at $139,723,000 after purchasing an additional 116,310 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on DECK shares. Wells Fargo & Company lowered shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $115.00 to $90.00 in a report on Friday, May 8th. The Goldman Sachs Group restated a “sell” rating and issued a $92.00 target price (up from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $120.00 price objective (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Needham & Company LLC increased their price objective on shares of Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Piper Sandler reiterated an “underweight” rating and set a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $124.80.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $93.48 on Friday. The firm has a market cap of $13.27 billion, a P/E ratio of 13.20, a PEG ratio of 2.01 and a beta of 1.14. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $131.58. The firm’s 50-day simple moving average is $102.75 and its 200-day simple moving average is $101.14.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.