165,294 Shares in Deckers Outdoor Co. (NYSE:DECK) Purchased by SRS Investment Management LLC

SRS Investment Management LLC purchased a new stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 165,294 shares of the textile maker's stock, valued at approximately $33,570,000. Deckers Outdoor comprises 0.5% of SRS Investment Management LLC's portfolio, making the stock its 16th largest position. SRS Investment Management LLC owned about 0.11% of Deckers Outdoor at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Passumpsic Savings Bank boosted its stake in shares of Deckers Outdoor by 477.8% during the third quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker's stock valued at $4,352,000 after purchasing an additional 22,572 shares during the period. Anchor Investment Management LLC grew its holdings in Deckers Outdoor by 500.0% in the 3rd quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker's stock worth $80,000 after acquiring an additional 420 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Deckers Outdoor in the third quarter valued at about $679,000. Tidal Investments LLC raised its stake in shares of Deckers Outdoor by 3,540.6% during the third quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker's stock valued at $24,206,000 after acquiring an additional 147,642 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Deckers Outdoor by 497.5% in the third quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker's stock worth $62,825,000 after purchasing an additional 325,451 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DECK has been the topic of several research reports. Piper Sandler cut their price objective on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC restated a "buy" rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Stifel Nicolaus decreased their price objective on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday, April 10th. UBS Group boosted their price objective on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Evercore ISI boosted their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $187.89.

Deckers Outdoor Stock Performance

Shares of NYSE DECK traded down $1.52 during midday trading on Friday, hitting $109.13. 2,006,045 shares of the company's stock traded hands, compared to its average volume of 2,374,978. The firm has a fifty day moving average of $120.36 and a 200 day moving average of $164.10. The stock has a market capitalization of $16.56 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98.

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

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on 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 completion of the transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the company'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 sale, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This represents 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 currently owned by corporate insiders.

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.