Korea Investment CORP Acquires 40,048 Shares of Deckers Outdoor Co. (NYSE:DECK)

Korea Investment CORP grew its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 34.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 157,960 shares of the textile maker's stock after buying an additional 40,048 shares during the period. Korea Investment CORP owned approximately 0.10% of Deckers Outdoor worth $32,080,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its holdings in Deckers Outdoor by 513.8% during 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 lifted its stake in Deckers Outdoor by 509.1% in the third 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. JPMorgan Chase & Co. grew its holdings in shares of Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Deckers Outdoor by 529.0% during the third 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 purchasing an additional 1,074,263 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $185,451,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

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Deckers Outdoor Stock Up 0.4 %

Shares of Deckers Outdoor stock traded up $0.39 during trading on Monday, reaching $111.95. The company's stock had a trading volume of 3,006,723 shares, compared to its average volume of 2,298,226. Deckers Outdoor Co. has a 52 week low of $107.51 and a 52 week high of $223.98. The business's 50-day moving average price is $153.46 and its 200-day moving average price is $169.64. The firm has a market cap of $16.99 billion, a PE ratio of 18.15, a P/E/G ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping 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%. Equities analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DECK has been the topic of several recent analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Evercore ISI upped 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. KeyCorp upped their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Citigroup raised Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a research note on Friday, February 7th. Finally, Bank of America raised their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and an average price target of $197.41.

Insider Transactions at Deckers Outdoor

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