Trexquant Investment LP Invests $19.79 Million in Deckers Outdoor Co. (NYSE:DECK)

Trexquant Investment LP bought a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 97,448 shares of the textile maker’s stock, valued at approximately $19,791,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DECK. Headlands Technologies LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $29,000. Geode Capital Management LLC lifted its position in shares of Deckers Outdoor by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker’s stock worth $831,723,000 after acquiring an additional 45,035 shares during the period. National Bank of Canada FI grew its holdings in shares of Deckers Outdoor by 18.0% during the 4th quarter. National Bank of Canada FI now owns 77,445 shares of the textile maker’s stock worth $15,728,000 after purchasing an additional 11,793 shares in the last quarter. HighPoint Advisor Group LLC increased its position in shares of Deckers Outdoor by 5.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,623 shares of the textile maker’s stock valued at $330,000 after purchasing an additional 81 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its stake in shares of Deckers Outdoor by 15.7% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 128,479 shares of the textile maker’s stock valued at $26,093,000 after purchasing an additional 17,402 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 0.4 %

Shares of NYSE DECK opened at $111.95 on Tuesday. Deckers Outdoor Co. has a 1-year low of $107.37 and a 1-year high of $223.98. The company has a 50-day moving average of $151.49 and a two-hundred day moving average of $170.25. The company has a market cap of $16.99 billion, a PE ratio of 18.15, a P/E/G ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, equities research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DECK shares. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Jefferies Financial Group upped their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Truist Financial cut their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. KeyCorp upped their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, UBS Group raised their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Transactions at Deckers Outdoor

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