Orion Portfolio Solutions LLC Has $4.90 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Orion Portfolio Solutions LLC boosted its holdings in Deckers Outdoor Co. (NYSE:DECK) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,115 shares of the textile maker’s stock after acquiring an additional 1,791 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Deckers Outdoor were worth $4,898,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Deckers Outdoor by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock valued at $3,582,464,000 after buying an additional 229,807 shares during the last quarter. State Street Corp lifted its stake in shares of Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after acquiring an additional 5,511,513 shares during the period. Geode Capital Management LLC boosted its holdings in Deckers Outdoor by 509.1% in the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after acquiring an additional 3,393,420 shares during the last quarter. Norges Bank acquired a new stake in Deckers Outdoor during the 4th quarter valued at approximately $392,583,000. Finally, American Century Companies Inc. raised its holdings in Deckers Outdoor by 6.4% during the 4th quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker’s stock worth $265,262,000 after purchasing an additional 78,623 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Deckers Outdoor

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DECK shares. Barclays boosted their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. 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. Finally, UBS Group boosted their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research note on Friday, January 31st. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $111.53 on Friday. The company has a 50 day simple moving average of $153.46 and a two-hundred day simple moving average of $168.63. 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 capitalization of $16.93 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS 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%. On average, analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

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.