Applied Finance Capital Management LLC Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

Applied Finance Capital Management LLC acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,343 shares of the textile maker's stock, valued at approximately $679,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DECK. Headlands Technologies LLC bought a new position in Deckers Outdoor in the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new position in Deckers Outdoor during the fourth quarter worth $31,000. Whittier Trust Co. of Nevada Inc. raised its stake in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after purchasing an additional 120 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock valued at $45,000 after purchasing an additional 198 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its position in Deckers Outdoor by 404.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock worth $51,000 after purchasing an additional 202 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Powers sold 25,000 shares of the stock in a transaction dated 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 in the company, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

Shares of DECK stock traded down $2.07 during trading hours on Monday, reaching $106.98. 554,153 shares of the company were exchanged, compared to its average volume of 3,323,480. The company has a market cap of $16.24 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 1.68 and a beta of 1.07. The stock's fifty day moving average is $130.39 and its two-hundred day moving average is $167.52. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating 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, research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their target price 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. Jefferies Financial Group boosted their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. Citigroup raised Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a research report on Friday, February 7th. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Stifel Nicolaus reduced their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $187.89.

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.