Mediolanum International Funds Ltd Increases Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Mediolanum International Funds Ltd lifted its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 130.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,784 shares of the textile maker's stock after purchasing an additional 8,382 shares during the quarter. Mediolanum International Funds Ltd's holdings in Deckers Outdoor were worth $3,034,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Solstein Capital LLC increased its holdings in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock valued at $26,000 after acquiring an additional 135 shares during the period. Bell Investment Advisors Inc grew its stake in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock valued at $28,000 after purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC bought a new position in Deckers Outdoor in the fourth quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker's stock valued at $32,000 after buying an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock valued at $35,000 after buying an additional 175 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Insider Buying and Selling

In other news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company's stock, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the sale, the chief financial officer now directly owns 153,036 shares of the company's stock, valued at $26,781,300. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,758 shares of company stock valued at $13,506,861 in the last three months. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Price Performance

Shares of NYSE:DECK traded down $1.06 during midday trading on Tuesday, hitting $169.57. The company had a trading volume of 5,843,364 shares, compared to its average volume of 2,808,990. The business's 50-day simple moving average is $205.90 and its 200-day simple moving average is $137.68. The stock has a market cap of $25.76 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. Deckers Outdoor Co. has a twelve month low of $131.39 and a twelve month 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 (EPS) 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%. As a group, sell-side analysts forecast that Deckers Outdoor Co. will post 5.92 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DECK shares. BTIG Research downgraded Deckers Outdoor from a "buy" rating to a "neutral" rating in a report on Tuesday, October 22nd. Telsey Advisory Group restated an "outperform" rating and set a $240.00 price target on shares of Deckers Outdoor in a research note on Friday. Bank of America lifted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Piper Sandler set a $166.00 target price on Deckers Outdoor in a research report on Thursday, October 17th. Finally, Wells Fargo & Company lowered their price target on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.