5 Stocks to Sell According to Billionaire Daniel Sundheim

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In this piece, we will take a look at the 5 stocks to sell according to billionaire Daniel Sundheim. If you want more details about Mr. Sundheim and his investment firm then head on over to 10 Stocks to Sell According to Billionaire Daniel Sundheim.

5. Deckers Outdoor Corporation (NYSE:DECK)

Number of Hedge Fund Holders: 48

Deckers Outdoor Corporation (NYSE:DECK) is an American apparel distributor and designer. Its footwear covers several use cases such as sports and casual wear.

Deckers Outdoor Corporation (NYSE:DECK) brought in $721 million in revenue and $3.66 in GAAP EPS for its second fiscal quarter, in a mixed bag performance that saw it only beat analyst estimates for EPS. Jefferies increased its price target for the retailer to $525 from $475 in November 2021, outlining that two of its brands are highly valuable.

During Q3 2021, Mr. Sundheim’s D1 Capital sold 351,000 Deckers Outdoor Corporation (NYSE:DECK) shares for $134 million. This stake had represented 0.88% of its portfolio in the prior quarter. During the third quarter of last year, 48 of 867 funds polled by Insider Monkey had owned the company’s shares.

Deckers Outdoor Corporation (NYSE:DECK)’s largest investor is Robert Pitts’ Steadfast Capital Management who owns 825,423 shares worth $297 million.

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