New Age Alpha Advisors LLC Takes Position in Deckers Outdoor Co. (NYSE:DECK)

New Age Alpha Advisors LLC acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 25,834 shares of the textile maker's stock, valued at approximately $5,247,000.

A number of other hedge funds have also modified their holdings of the stock. Cerity Partners LLC increased its position in shares of Deckers Outdoor by 1,781.4% in the third quarter. Cerity Partners LLC now owns 24,119 shares of the textile maker's stock worth $3,846,000 after acquiring an additional 22,837 shares in the last quarter. Algert Global LLC grew its position in Deckers Outdoor by 598.1% during the 3rd quarter. Algert Global LLC now owns 2,988 shares of the textile maker's stock worth $476,000 after purchasing an additional 2,560 shares in the last quarter. Fisher Asset Management LLC grew its position in Deckers Outdoor by 469.2% during the 3rd quarter. Fisher Asset Management LLC now owns 8,270 shares of the textile maker's stock worth $1,319,000 after purchasing an additional 6,817 shares in the last quarter. Bank of Montreal Can raised its stake in Deckers Outdoor by 498.2% during the 3rd quarter. Bank of Montreal Can now owns 167,407 shares of the textile maker's stock valued at $26,688,000 after purchasing an additional 139,424 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Deckers Outdoor by 497.6% in the third quarter. The Manufacturers Life Insurance Company now owns 91,583 shares of the textile maker's stock valued at $14,603,000 after purchasing an additional 76,259 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DECK shares. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a report on Friday, February 7th. Barclays increased their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $197.41.

Deckers Outdoor Stock Performance

Shares of NYSE DECK traded up $0.39 during mid-day trading on Monday, reaching $111.95. 3,006,723 shares of the company traded hands, compared to its average volume of 2,298,228. The company's fifty day moving average is $153.46 and its two-hundred day moving average is $169.64. Deckers Outdoor Co. has a fifty-two week low of $107.51 and a fifty-two week high of $223.98. The stock has a market cap of $16.99 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating 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%. Research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was 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 trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

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.