Pinebridge Investments L.P. Grows Holdings in Deckers Outdoor Co. (NYSE:DECK)

Pinebridge Investments L.P. raised its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 899.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,038 shares of the textile maker's stock after purchasing an additional 109,833 shares during the quarter. Pinebridge Investments L.P. owned 0.08% of Deckers Outdoor worth $24,785,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at $29,000. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor during the 4th quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. increased its holdings 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 period. Fortitude Family Office LLC increased its holdings in Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock worth $45,000 after purchasing an additional 198 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its holdings in Deckers Outdoor by 404.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock worth $51,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

Deckers Outdoor stock traded up $2.46 during mid-day trading on Tuesday, reaching $111.61. 654,814 shares of the company were exchanged, compared to its average volume of 2,369,872. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The firm's 50-day simple moving average is $118.56 and its two-hundred day simple moving average is $163.43. The firm has a market cap of $16.94 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data 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 return on equity of 41.71% and a net margin of 19.14%. As a group, equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DECK shares. Wells Fargo & Company cut 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. Truist Financial cut their price target on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Barclays upped their price target on Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. KeyCorp cut their price target on Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Citigroup dropped their price objective on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a report on Monday. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of "Moderate Buy" and an average price target of $179.83.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm'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 completion of the sale, the director now directly owns 10,388 shares of the company's stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 241,777 shares of the company's stock, valued at $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 owned by insiders.

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.