R Squared Ltd Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

R Squared Ltd bought a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,150 shares of the textile maker’s stock, valued at approximately $234,000.

Several other hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the period. City Center Advisors LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter valued at $575,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Deckers Outdoor by 506.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock valued at $1,060,000 after purchasing an additional 5,574 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock worth $63,371,000 after purchasing an additional 332,590 shares during the period. Finally, Cadent Capital Advisors LLC grew its position in Deckers Outdoor by 116.8% in the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock valued at $1,316,000 after buying an additional 3,491 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In other news, Director Bonita C. Stewart sold 9,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.42, for a total transaction of $1,578,780.00. Following the transaction, the director now directly owns 44,988 shares in the company, valued at $7,891,794.96. The trade was a 16.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the sale, the insider now owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,036 shares of company stock valued at $13,715,482 over the last quarter. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $215.88 on Wednesday. The company has a 50 day moving average price of $204.50 and a 200 day moving average price of $133.84. Deckers Outdoor Co. has a 52 week low of $125.15 and a 52 week high of $218.92. The firm has a market capitalization of $32.80 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 2.98 and a beta of 1.08.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Needham & Company LLC upped their price target on shares of Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Barclays upped their target price on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. TD Cowen lifted their price target on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Thursday, January 23rd. Finally, Robert W. Baird lifted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Ten 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $183.19.

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.