Entropy Technologies LP Decreases Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Entropy Technologies LP lowered its stake in Deckers Outdoor Co. (NYSE:DECK) by 59.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,390 shares of the textile maker’s stock after selling 11,059 shares during the quarter. Entropy Technologies LP’s holdings in Deckers Outdoor were worth $1,501,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Resonant Capital Advisors LLC boosted its stake in shares of Deckers Outdoor by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock worth $489,000 after buying an additional 52 shares during the last quarter. Bleakley Financial Group LLC boosted its position in Deckers Outdoor by 3.9% in the fourth 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 during the last quarter. Mather Group LLC. grew 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 valued at $521,000 after purchasing an additional 64 shares during the period. Atomi Financial Group Inc. increased its position in shares of Deckers Outdoor by 6.5% during the 4th quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 82 shares during the last quarter. Finally, CX Institutional lifted its stake in shares of Deckers Outdoor by 4.3% in the 4th quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock worth $522,000 after purchasing an additional 107 shares during the period. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DECK shares. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research report on Thursday, October 17th. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Bank of America upped their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI lifted their price objective 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 research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Down 2.3 %

Shares of DECK stock opened at $168.18 on Monday. The company’s fifty day simple moving average is $203.55 and its two-hundred day simple moving average is $142.83. Deckers Outdoor Co. has a 52 week low of $131.39 and a 52 week high of $223.98. The stock has a market cap of $25.52 billion, a P/E ratio of 27.26, a PEG ratio of 1.93 and a beta of 1.07.

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

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. This represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,956 shares of company stock valued at $10,387,731. 0.40% of the stock is owned by corporate 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.