Geode Capital Management LLC Has $831.72 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Geode Capital Management LLC grew its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,104,954 shares of the textile maker's stock after purchasing an additional 45,035 shares during the period. Geode Capital Management LLC owned about 2.70% of Deckers Outdoor worth $831,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DECK. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth $31,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after acquiring an additional 120 shares in the last quarter. Fortitude Family Office LLC increased its holdings in shares of Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock worth $45,000 after acquiring an additional 198 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of Deckers Outdoor by 59.8% during the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker's stock worth $71,000 after purchasing an additional 131 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Deckers Outdoor by 107.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker's stock valued at $74,000 after purchasing an additional 189 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Performance

DECK traded down $2.42 during trading on Monday, reaching $103.60. 2,275,229 shares of the stock were exchanged, compared to its average volume of 2,355,382. The stock has a market cap of $15.72 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. The stock's 50 day moving average price is $142.96 and its two-hundred day moving average price is $169.85. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98.

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

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Powers sold 25,000 shares of the firm's stock in a transaction 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 transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

DECK has been the subject of a number of research reports. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. KeyCorp raised their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. UBS Group upped their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Evercore ISI lifted their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $240.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Deckers Outdoor has an average rating of "Moderate Buy" and a consensus target price of $197.41.

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.