Oberweis Asset Management Inc. Boosts Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Oberweis Asset Management Inc. increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 58.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,340 shares of the textile maker's stock after purchasing an additional 30,500 shares during the period. Oberweis Asset Management Inc. owned approximately 0.05% of Deckers Outdoor worth $16,722,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Symmetry Investments LP acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $3,148,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Deckers Outdoor by 41.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 133,969 shares of the textile maker's stock worth $27,208,000 after purchasing an additional 39,049 shares during the period. MGO One Seven LLC lifted its position in Deckers Outdoor by 180.6% in the 4th quarter. MGO One Seven LLC now owns 18,865 shares of the textile maker's stock valued at $3,831,000 after acquiring an additional 12,142 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in Deckers Outdoor by 899.9% during the 4th quarter. Pinebridge Investments L.P. now owns 122,038 shares of the textile maker's stock worth $24,785,000 after purchasing an additional 109,833 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Deckers Outdoor by 69.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,034,191 shares of the textile maker's stock valued at $210,034,000 after buying an additional 424,702 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DECK. Jefferies Financial Group lifted their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Raymond James upgraded shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and cut their target price for the stock from $235.00 to $150.00 in a research report on Thursday, April 10th. Barclays upped their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Citigroup reduced their price objective on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research note on Monday. Finally, Bank of America raised their target price on Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Deckers Outdoor has an average rating of "Moderate Buy" and a consensus price target of $179.83.

Deckers Outdoor Price Performance

DECK traded up $2.80 during trading on Tuesday, hitting $111.95. 923,116 shares of the stock traded hands, compared to its average volume of 2,371,063. The firm has a market capitalization of $16.99 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. The firm has a 50-day moving average of $118.56 and a 200 day moving average of $163.43. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results 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 net margin of 19.14% and a return on equity of 41.71%. As a group, equities analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. The trade was a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Powers sold 25,000 shares of the stock in a transaction on 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 sale, the director now owns 241,777 shares in the company, valued at approximately $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 owned by corporate 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.