Man Group plc Cuts Position in Deckers Outdoor Co. (NYSE:DECK)

Man Group plc decreased its holdings in Deckers Outdoor Co. (NYSE:DECK) by 47.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 592,718 shares of the textile maker’s stock after selling 539,375 shares during the quarter. Man Group plc owned about 0.39% of Deckers Outdoor worth $120,375,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DECK. Headlands Technologies LLC purchased a new position in Deckers Outdoor in the fourth quarter worth $29,000. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor in the fourth quarter worth $31,000. Whittier Trust Co. of Nevada Inc. raised its position in Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after acquiring an additional 120 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Deckers Outdoor by 352.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker’s stock valued at $44,000 after buying an additional 169 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its position in shares of Deckers Outdoor by 404.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker’s stock valued at $51,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK opened at $129.38 on Wednesday. The company has a market cap of $19.64 billion, a P/E ratio of 20.97, a PEG ratio of 1.68 and a beta of 1.11. The stock has a fifty day moving average price of $113.98 and a 200 day moving average price of $160.56. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Piper Sandler dropped their price objective on Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. UBS Group raised their price target on Deckers Outdoor from $150.00 to $158.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Finally, Truist Financial decreased their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. 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 company’s stock. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $161.89.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 241,777 shares of the company’s stock, valued at $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.