MGO One Seven LLC Acquires 12,142 Shares of Deckers Outdoor Co. (NYSE:DECK)

MGO One Seven LLC boosted its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 180.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,865 shares of the textile maker's stock after acquiring an additional 12,142 shares during the period. MGO One Seven LLC's holdings in Deckers Outdoor were worth $3,831,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Resonant Capital Advisors LLC boosted its holdings in Deckers Outdoor by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock valued at $489,000 after acquiring an additional 52 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Deckers Outdoor by 3.9% in the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock valued at $293,000 after buying an additional 54 shares during the period. Mather Group LLC. lifted its stake in Deckers Outdoor by 2.6% in the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock valued at $521,000 after buying an additional 64 shares during the period. Prosperity Wealth Management Inc. lifted its stake in Deckers Outdoor by 2.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock valued at $564,000 after buying an additional 75 shares during the period. Finally, WD Rutherford LLC lifted its stake in Deckers Outdoor by 4.8% in the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock valued at $352,000 after buying an additional 79 shares during the period. Institutional investors own 97.79% of the company's stock.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37 % 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 company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. KeyCorp cut their target price on Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday. Jefferies Financial Group increased their target price on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. Evercore ISI increased their target price on Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Barclays boosted their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Citigroup dropped their target price on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a report on Monday. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $179.83.

Deckers Outdoor Stock Performance

NYSE:DECK traded up $2.46 during mid-day trading on Tuesday, hitting $111.61. The stock had a trading volume of 654,814 shares, compared to its average volume of 2,369,872. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.68 and a beta of 1.07. The company's 50 day simple moving average is $118.56 and its 200 day simple moving average is $163.43.

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 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%. As a group, equities analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

About Deckers Outdoor

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.