Axiom Investors LLC DE Purchases New Shares in Deckers Outdoor Co. (NYSE:DECK)

Axiom Investors LLC DE acquired a new position in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 228,177 shares of the textile maker's stock, valued at approximately $46,340,000. Axiom Investors LLC DE owned about 0.15% of Deckers Outdoor at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State Street Corp boosted its position in shares of Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker's stock valued at $1,049,867,000 after acquiring an additional 5,511,513 shares during the period. Geode Capital Management LLC grew its position in Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker's stock worth $646,316,000 after purchasing an additional 3,393,420 shares during the last quarter. Norges Bank acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $392,583,000. JPMorgan Chase & Co. boosted its position in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after buying an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker's stock valued at $203,674,000 after buying an additional 1,074,263 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts recently commented on the company. Robert W. Baird lifted their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Stifel Nicolaus upped their target price on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" 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 research report on Friday, January 31st. Telsey Advisory Group restated an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Evercore ISI increased their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Deckers Outdoor has a consensus rating of "Moderate Buy" and a consensus target price of $197.41.

Deckers Outdoor Stock Down 14.3 %

Shares of NYSE:DECK traded down $16.90 during midday trading on Thursday, hitting $101.08. The stock had a trading volume of 7,001,921 shares, compared to its average volume of 3,187,070. The company has a market cap of $15.34 billion, a P/E ratio of 16.39, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12 month low of $96.80 and a 12 month high of $223.98. The business's 50-day simple moving average is $147.53 and its 200-day simple moving average is $170.49.

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 net margin of 19.14% and a return on equity of 41.71%. As a group, equities analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company's stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

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.