Pier 88 Investment Partners LLC Trims Holdings in Deckers Outdoor Co. (NYSE:DECK)

Pier 88 Investment Partners LLC lowered its position in Deckers Outdoor Co. (NYSE:DECK) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,160 shares of the textile maker’s stock after selling 420 shares during the period. Pier 88 Investment Partners LLC’s holdings in Deckers Outdoor were worth $1,657,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Axiom Investors LLC DE purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at about $46,340,000. Wellington Management Group LLP grew its holdings in Deckers Outdoor by 24.7% during the fourth quarter. Wellington Management Group LLP now owns 1,100,236 shares of the textile maker’s stock worth $223,447,000 after acquiring an additional 217,887 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Deckers Outdoor by 6.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 33,357 shares of the textile maker’s stock valued at $6,774,000 after acquiring an additional 2,008 shares during the period. CIBC Private Wealth Group LLC boosted its position in Deckers Outdoor by 1.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,896 shares of the textile maker’s stock worth $1,016,000 after purchasing an additional 90 shares in the last quarter. Finally, Martin Currie Ltd. acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $57,688,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $111.53 on Monday. Deckers Outdoor Co. has a one year low of $110.12 and a one year high of $223.98. The stock has a market cap of $16.93 billion, a PE ratio of 18.08, a P/E/G ratio of 1.68 and a beta of 1.10. The stock has a 50 day moving average price of $153.46 and a 200 day moving average price of $169.64.

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

Analyst Ratings Changes

DECK has been the topic of a number of recent analyst reports. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Friday, February 7th. Barclays raised their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Wells Fargo & Company lowered their price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Bank of America boosted their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI increased their target price on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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.