Martin Currie Ltd. Acquires Shares of 284,050 Deckers Outdoor Co. (NYSE:DECK)

Martin Currie Ltd. bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 284,050 shares of the textile maker's stock, valued at approximately $57,688,000. Deckers Outdoor comprises 2.1% of Martin Currie Ltd.'s investment portfolio, making the stock its 17th largest position. Martin Currie Ltd. owned 0.19% of Deckers Outdoor 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. Vanguard Group Inc. boosted its stake in Deckers Outdoor by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock valued at $3,582,464,000 after acquiring an additional 229,807 shares during the last quarter. State Street Corp grew its holdings in shares of Deckers Outdoor by 513.8% in the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker's stock valued at $1,049,867,000 after acquiring an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC raised its holdings in Deckers Outdoor by 509.1% during the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker's stock worth $646,316,000 after acquiring an additional 3,393,420 shares in the last quarter. Norges Bank bought a new position in Deckers Outdoor in the fourth quarter valued at approximately $392,583,000. Finally, American Century Companies Inc. increased its position in shares of Deckers Outdoor by 6.4% during the 4th quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock worth $265,262,000 after purchasing an additional 78,623 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the company'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 completion of the transaction, the director now owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $1,396,978.24. This represents 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 currently owned by corporate insiders.

Deckers Outdoor Stock Down 14.2 %

DECK traded down $16.75 during trading on Thursday, hitting $101.23. The company's stock had a trading volume of 4,197,688 shares, compared to its average volume of 2,311,312. The firm has a market capitalization of $15.36 billion, a P/E ratio of 16.41, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a twelve month low of $96.89 and a twelve month high of $223.98. The stock's fifty day moving average price is $147.53 and its 200-day moving average price is $170.49.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping 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 expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Bank of America boosted their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Truist Financial cut their price objective 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. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Needham & Company LLC reissued a "buy" rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor presently 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.