Johnson Investment Counsel Inc. Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Johnson Investment Counsel Inc. bought a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,549 shares of the textile maker's stock, valued at approximately $518,000.

Other institutional investors have also modified their holdings of the company. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $31,000. Bell Investment Advisors Inc raised its stake in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock worth $28,000 after acquiring an additional 146 shares during the period. Rakuten Securities Inc. raised its stake in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock worth $35,000 after acquiring an additional 175 shares during the period. Fortitude Family Office LLC raised its stake in Deckers Outdoor by 825.0% during 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 during the period. Finally, Brooklyn Investment Group acquired a new stake in Deckers Outdoor during the third quarter worth about $36,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Insiders Place Their Bets

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $121.71 on Thursday. The firm has a 50 day simple moving average of $174.78 and a 200-day simple moving average of $160.88. The stock has a market capitalization of $18.47 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12-month low of $119.30 and a 12-month high of $223.98.

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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 (EPS) 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%. On average, analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DECK has been the topic of several research reports. Robert W. Baird increased their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Jefferies Financial Group increased their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Evercore ISI increased their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Needham & Company LLC restated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, 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 report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $197.41.

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.

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