Prescott Group Capital Management L.L.C. Reduces Position in Deckers Outdoor Corporation $DECK

Prescott Group Capital Management L.L.C. cut its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 49.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,220 shares of the textile maker’s stock after selling 8,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Deckers Outdoor were worth $852,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DECK. Geneos Wealth Management Inc. boosted its position in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Deckers Outdoor in the 3rd quarter valued at about $30,000. Elyxium Wealth LLC purchased a new stake in Deckers Outdoor in the 4th quarter valued at about $30,000. Rakuten Securities Inc. boosted its position in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the period. Finally, Activest Wealth Management boosted its position in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $98.05 on Thursday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $127.95. The firm has a market cap of $13.92 billion, a P/E ratio of 13.85, a P/E/G ratio of 2.03 and a beta of 1.14. The firm has a 50-day simple moving average of $102.17 and a 200-day simple moving average of $101.46.

Analysts Set New Price Targets

Several research firms have issued reports on DECK. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Raymond James Financial lowered shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target for the company. in a report on Thursday, April 23rd. UBS Group restated a “buy” rating and issued a $145.00 price target (down from $161.00) on shares of Deckers Outdoor in a report on Thursday, May 14th. KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price target for the company in a report on Friday, January 30th. Finally, Zacks Research lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $122.42.

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.