Prescott Group Capital Management L.L.C. Sells 8,000 Shares of Deckers Outdoor Corporation $DECK

Prescott Group Capital Management L.L.C. lessened its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 49.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,220 shares of the textile maker’s stock after selling 8,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Deckers Outdoor were worth $852,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DECK. Geneos Wealth Management Inc. raised its stake in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after acquiring an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Deckers Outdoor during the 3rd quarter worth approximately $30,000. Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. raised its stake in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Finally, Activest Wealth Management raised its stake in shares of Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after acquiring an additional 245 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of several recent analyst reports. Truist Financial set a $132.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 30th. Piper Sandler upgraded shares of Deckers Outdoor from an “underweight” rating to a “neutral” rating and upped their price target for the company from $95.00 to $100.00 in a research note on Monday. Raymond James Financial lowered shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price target on the stock. in a research note on Thursday, April 23rd. Jefferies Financial Group upped their price target on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, January 27th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $92.00 price target (up from $81.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $122.42.

Deckers Outdoor Trading Up 4.0%

Shares of Deckers Outdoor stock opened at $98.05 on Thursday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $127.95. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 2.03 and a beta of 1.14. The firm’s 50 day simple moving average is $102.17 and its two-hundred day simple moving average is $101.46.

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.