Dynamic Technology Lab Private Ltd Buys Shares of 7,976 Deckers Outdoor Co. (NYSE:DECK)

Dynamic Technology Lab Private Ltd bought a new stake 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 fund bought 7,976 shares of the textile maker's stock, valued at approximately $1,620,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor in the 4th quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. boosted 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 worth $34,000 after purchasing an additional 120 shares during the last quarter. Fortitude Family Office LLC grew its holdings in shares of Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock worth $45,000 after buying an additional 198 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its stake in shares of Deckers Outdoor by 59.8% in the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker's stock worth $71,000 after buying an additional 131 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred 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 owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 of the company's stock, valued at approximately $33,568,318.68. This represents 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays upped their price target on Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Needham & Company LLC restated a "buy" rating and set a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Telsey Advisory Group reiterated an "outperform" rating and issued a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, UBS Group raised their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Nine equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $191.55.

Deckers Outdoor Price Performance

Shares of NYSE:DECK traded down $6.83 during trading on Thursday, hitting $109.23. 1,592,219 shares of the company were exchanged, compared to its average volume of 2,379,761. The firm's 50 day moving average price is $132.82 and its 200-day moving average price is $168.07. The stock has a market capitalization of $16.58 billion, a P/E ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98.

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