Optimize Financial Inc Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Optimize Financial Inc bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,708 shares of the textile maker's stock, valued at approximately $753,000.

Several other hedge funds have also modified their holdings of the business. Townsquare Capital LLC lifted its holdings in Deckers Outdoor by 28.0% in the fourth quarter. Townsquare Capital LLC now owns 29,476 shares of the textile maker's stock valued at $5,986,000 after acquiring an additional 6,439 shares during the period. Qtron Investments LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $428,000. Rockefeller Capital Management L.P. purchased a new stake in Deckers Outdoor during the fourth quarter worth about $3,567,000. Bessemer Group Inc. increased its holdings in Deckers Outdoor by 0.8% in the fourth quarter. Bessemer Group Inc. now owns 22,758 shares of the textile maker's stock valued at $4,622,000 after buying an additional 190 shares in the last quarter. Finally, Fernwood Investment Management LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at approximately $264,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm'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 of the company's stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were 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 of the company's stock, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

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Analyst Ratings Changes

A number of analysts have commented on the company. Needham & Company LLC reiterated a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. KeyCorp upped their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Stifel Nicolaus cut their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, Citigroup upgraded shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a research report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and an average price target of $187.89.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK traded down $3.06 during mid-day trading on Tuesday, hitting $104.09. 2,864,978 shares of the company traded hands, compared to its average volume of 2,380,480. The firm has a market cap of $15.80 billion, a P/E ratio of 16.88, a PEG ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 52-week low of $93.72 and a 52-week high of $223.98. The firm's 50 day simple moving average is $127.72 and its 200 day simple moving average is $166.72.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping 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%. Equities research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal 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.