Blueshift Asset Management LLC Buys New Position in Deckers Outdoor Co. (NYSE:DECK)

Blueshift Asset Management LLC bought a new position in 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 2,179 shares of the textile maker's stock, valued at approximately $443,000.

Several other institutional investors also recently bought and sold shares of the business. Bell Investment Advisors Inc grew its holdings in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock valued at $28,000 after purchasing an additional 146 shares during the period. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at $31,000. Brooklyn Investment Group acquired a new stake in shares of Deckers Outdoor during the 3rd quarter worth $36,000. Avior Wealth Management LLC raised its holdings in shares of Deckers Outdoor by 2,966.7% in the 3rd quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker's stock worth $44,000 after purchasing an additional 267 shares during the period. Finally, Fortitude Family Office LLC raised its holdings in Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock valued at $45,000 after buying an additional 198 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Down 1.6 %

Shares of NYSE:DECK traded down $2.00 on Tuesday, reaching $122.68. 2,459,790 shares of the company's stock were exchanged, compared to its average volume of 2,210,239. The business's 50-day moving average is $160.63 and its two-hundred day moving average is $167.03. Deckers Outdoor Co. has a fifty-two week low of $112.10 and a fifty-two week high of $223.98. The firm has a market capitalization of $18.62 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.68 and a beta of 1.10.

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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 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%. Analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DECK. Bank of America upped their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. KeyCorp raised their target price on Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. UBS Group upped their price target on Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Truist Financial dropped their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Evercore ISI upped their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $197.41.

Insider Buying and Selling

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated 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 transaction, the director now owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Company 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.