OFI Invest Asset Management Takes Position in Deckers Outdoor Co. (NYSE:DECK)

OFI Invest Asset Management acquired a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 224,307 shares of the textile maker's stock, valued at approximately $43,993,000. Deckers Outdoor makes up about 1.0% of OFI Invest Asset Management's portfolio, making the stock its 24th largest position. OFI Invest Asset Management owned approximately 0.15% of Deckers Outdoor at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Deckers Outdoor by 2,037.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker's stock valued at $327,000 after acquiring an additional 1,956 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Deckers Outdoor by 512.9% during the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker's stock valued at $63,371,000 after purchasing an additional 332,590 shares during the last quarter. Portside Wealth Group LLC raised its position in shares of Deckers Outdoor by 440.0% during the third quarter. Portside Wealth Group LLC now owns 2,824 shares of the textile maker's stock worth $450,000 after purchasing an additional 2,301 shares during the period. AIA Group Ltd boosted its position in shares of Deckers Outdoor by 594.4% in the 3rd quarter. AIA Group Ltd now owns 12,500 shares of the textile maker's stock valued at $1,993,000 after purchasing an additional 10,700 shares during the period. Finally, SpiderRock Advisors LLC increased its stake in Deckers Outdoor by 499.9% in the 3rd quarter. SpiderRock Advisors LLC now owns 24,036 shares of the textile maker's stock worth $3,833,000 after purchasing an additional 20,029 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

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Analysts Set New Price Targets

DECK has been the subject of several recent analyst reports. Truist Financial decreased their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, January 31st. Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a report on Friday, February 7th. Jefferies Financial Group upped their target price on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. UBS Group boosted their price objective on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Evercore ISI upped their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $197.41.

Deckers Outdoor Trading Down 4.4 %

DECK stock traded down $5.53 during trading on Monday, reaching $121.20. 4,066,378 shares of the stock were exchanged, compared to its average volume of 3,193,165. The stock has a 50 day simple moving average of $179.75 and a 200-day simple moving average of $159.83. The company has a market capitalization of $18.39 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a twelve month low of $119.30 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Equities analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the business'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 sale, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $2,973,845.16. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,574 shares of company stock valued at $6,485,189 in the last 90 days. 0.40% of the stock is currently owned by company 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.