Shelton Capital Management Acquires Shares of 16,506 Deckers Outdoor Co. (NYSE:DECK)

Shelton Capital Management acquired a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,506 shares of the textile maker's stock, valued at approximately $3,352,000.

Other large investors have also modified their holdings of the company. Krane Funds Advisors LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at $289,000. Polymer Capital Management US LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $226,000. Cerity Partners LLC increased its stake in shares of Deckers Outdoor by 3.8% during the fourth quarter. Cerity Partners LLC now owns 25,034 shares of the textile maker's stock worth $4,870,000 after purchasing an additional 915 shares in the last quarter. Polymer Capital Management HK LTD lifted its stake in Deckers Outdoor by 12.2% in the 4th quarter. Polymer Capital Management HK LTD now owns 37,816 shares of the textile maker's stock valued at $7,680,000 after buying an additional 4,104 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Deckers Outdoor by 76.5% in the 4th quarter. Federated Hermes Inc. now owns 55,461 shares of the textile maker's stock worth $11,264,000 after buying an additional 24,042 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Activity

In other news, Director David Powers sold 25,000 shares of the stock in a transaction on 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 sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The sale 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 on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value 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. Insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

DECK has been the topic of several research reports. Raymond James upgraded Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and decreased their target price for the company from $235.00 to $150.00 in a research report on Thursday. Bank of America upped their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Needham & Company LLC reissued a "buy" rating and issued a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Guggenheim reaffirmed a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Jefferies Financial Group increased their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $187.89.

Deckers Outdoor Price Performance

Shares of NYSE:DECK traded down $1.23 during mid-day trading on Monday, reaching $107.82. 476,989 shares of the company were exchanged, compared to its average volume of 2,372,242. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98. The firm's 50-day simple moving average is $130.39 and its 200 day simple moving average is $167.52. The firm has a market cap of $16.36 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results 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%. On average, research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

About Deckers Outdoor

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.