15,500 Shares in Deckers Outdoor Co. (NYSE:DECK) Acquired by Symmetry Investments LP

Symmetry Investments LP purchased a new position in Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,500 shares of the textile maker's stock, valued at approximately $3,148,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Deckers Outdoor during the 4th quarter worth about $392,583,000. JPMorgan Chase & Co. grew its position in shares of Deckers Outdoor by 929.0% during 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. Raymond James Financial Inc. purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at approximately $185,451,000. Envestnet Asset Management Inc. increased its stake in shares of Deckers Outdoor by 101.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock worth $203,850,000 after purchasing an additional 505,139 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Deckers Outdoor by 507.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock worth $120,436,000 after acquiring an additional 495,364 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Up 2.8 %

Deckers Outdoor stock opened at $106.41 on Wednesday. The stock has a 50-day simple moving average of $122.22 and a 200 day simple moving average of $164.83. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The stock has a market capitalization of $16.15 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 sale, the director now directly owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DECK. Stifel Nicolaus cut their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. KeyCorp increased 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. Telsey Advisory Group restated an "outperform" rating and set a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Citigroup raised shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a research report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $187.89.

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.

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