Dimensional Fund Advisors LP Grows Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Dimensional Fund Advisors LP boosted its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,038,393 shares of the textile maker's stock after acquiring an additional 72,483 shares during the quarter. Dimensional Fund Advisors LP owned 0.68% of Deckers Outdoor worth $210,919,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. boosted 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 valued at $34,000 after acquiring an additional 120 shares during the period. Fortitude Family Office LLC grew its position 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 acquiring an additional 198 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in Deckers Outdoor by 404.0% in 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. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

DECK stock traded down $1.52 during trading on Friday, hitting $109.13. 2,006,045 shares of the stock traded hands, compared to its average volume of 2,374,978. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98. The firm's 50 day moving average is $120.36 and its two-hundred day moving average is $164.10.

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

Insider Activity

In other news, Director David Powers sold 25,000 shares of the firm's stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the business'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 transaction, the director now directly owns 10,388 shares of the company's stock, valued at $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays upped their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Raymond James upgraded shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and dropped their target price for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. Needham & Company LLC restated a "buy" rating and set a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a report on Friday, February 7th. Finally, Piper Sandler reduced their target price on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and an average target price of $187.89.

Deckers Outdoor 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.