Marshall Wace LLP Purchases New Shares in Deckers Outdoor Co. (NYSE:DECK)

Marshall Wace LLP purchased a new stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 64,404 shares of the textile maker's stock, valued at approximately $13,080,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DECK. Headlands Technologies LLC bought a new position in shares of Deckers Outdoor during the 4th quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of 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 acquiring an additional 120 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of Deckers Outdoor by 825.0% in 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 raised its position in shares of Deckers Outdoor by 404.0% during the fourth 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.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DECK. Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a report on Friday, February 7th. Truist Financial reduced their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Raymond James upgraded shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and lowered their price objective for the stock from $235.00 to $150.00 in a research report on Thursday, April 10th. Stifel Nicolaus reduced their target price on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of "Moderate Buy" and an average target price of $187.89.

Deckers Outdoor Stock Down 1.4 %

DECK stock traded down $1.52 during mid-day trading on Friday, reaching $109.13. 2,001,585 shares of the stock traded hands, compared to its average volume of 2,377,110. The business has a 50-day moving average of $120.36 and a two-hundred day moving average of $164.10. The firm has a market capitalization of $16.56 billion, a PE ratio of 17.69, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98.

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, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Activity

In related news, Director David Powers sold 25,000 shares of the stock in a transaction dated 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 transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now directly owns 10,388 shares in the company, 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. 0.40% of the stock is owned by company insiders.

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.