Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC boosted its holdings in Deckers Outdoor Co. (NYSE:DECK) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,933 shares of the textile maker’s stock after buying an additional 189 shares during the quarter. Strategy Asset Managers LLC’s holdings in Deckers Outdoor were worth $1,205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DECK. Resonant Capital Advisors LLC grew its stake in shares of Deckers Outdoor by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after buying an additional 52 shares during the period. Bleakley Financial Group LLC grew its position in Deckers Outdoor by 3.9% during the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after acquiring an additional 54 shares during the period. Mather Group LLC. increased its stake in Deckers Outdoor by 2.6% during the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after acquiring an additional 64 shares during the last quarter. Prosperity Wealth Management Inc. raised its holdings in shares of Deckers Outdoor by 2.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock worth $564,000 after purchasing an additional 75 shares during the period. Finally, WD Rutherford LLC lifted its position in Deckers Outdoor by 4.8% during the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 4.6 %

Shares of NYSE:DECK opened at $111.53 on Friday. The firm has a 50-day simple moving average of $153.46 and a 200 day simple moving average of $167.63. Deckers Outdoor Co. has a fifty-two week low of $110.75 and a fifty-two week high of $223.98. The company 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.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping 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%. As a group, research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DECK has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. UBS Group boosted their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Barclays lifted their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Truist Financial decreased their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Evercore ISI increased their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a 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 data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Insiders Place Their Bets

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