Mitsubishi UFJ Asset Management Co. Ltd. Purchases 20,542 Shares of Deckers Outdoor Co. (NYSE:DECK)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,980 shares of the textile maker's stock after purchasing an additional 20,542 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.15% of Deckers Outdoor worth $48,492,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DECK. Cerity Partners LLC lifted its stake in Deckers Outdoor by 1,781.4% during the third quarter. Cerity Partners LLC now owns 24,119 shares of the textile maker's stock valued at $3,846,000 after buying an additional 22,837 shares in the last quarter. Algert Global LLC lifted its position in shares of Deckers Outdoor by 598.1% in the 3rd quarter. Algert Global LLC now owns 2,988 shares of the textile maker's stock valued at $476,000 after acquiring an additional 2,560 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Deckers Outdoor by 469.2% in the 3rd quarter. Fisher Asset Management LLC now owns 8,270 shares of the textile maker's stock worth $1,319,000 after purchasing an additional 6,817 shares during the period. Bank of Montreal Can grew its position in Deckers Outdoor by 498.2% during the 3rd quarter. Bank of Montreal Can now owns 167,407 shares of the textile maker's stock worth $26,688,000 after purchasing an additional 139,424 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Deckers Outdoor by 497.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 91,583 shares of the textile maker's stock valued at $14,603,000 after purchasing an additional 76,259 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

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Deckers Outdoor Stock Performance

Shares of DECK traded up $4.13 during trading hours on Wednesday, hitting $117.48. 851,070 shares of the company were exchanged, compared to its average volume of 3,100,799. The firm's 50 day moving average is $149.47 and its 200-day moving average is $170.86. Deckers Outdoor Co. has a 52 week low of $107.37 and a 52 week high of $223.98. The company has a market cap of $17.83 billion, a PE ratio of 19.05, a PEG ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on DECK. Needham & Company LLC reaffirmed a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. UBS Group raised their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Jefferies Financial Group raised their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $197.41.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the firm'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 value of $3,471,000.00. Following the sale, the director now 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the company'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. This trade 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 company insiders.

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.