Polymer Capital Management HK LTD Increases Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Polymer Capital Management HK LTD increased its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,816 shares of the textile maker's stock after purchasing an additional 4,104 shares during the period. Deckers Outdoor makes up 1.3% of Polymer Capital Management HK LTD's portfolio, making the stock its 18th largest holding. Polymer Capital Management HK LTD's holdings in Deckers Outdoor were worth $7,680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DECK. Resonant Capital Advisors LLC boosted its stake in shares of Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock valued at $489,000 after purchasing an additional 52 shares during the period. Bleakley Financial Group LLC boosted its position in Deckers Outdoor by 3.9% in the 4th 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. grew its stake in Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock worth $521,000 after acquiring an additional 64 shares in the last quarter. Prosperity Wealth Management Inc. grew its stake in Deckers Outdoor by 2.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock worth $564,000 after acquiring an additional 75 shares in the last quarter. Finally, WD Rutherford LLC increased its position in shares of Deckers Outdoor by 4.8% during the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock worth $352,000 after acquiring an additional 79 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

DECK has been the topic of several research reports. Piper Sandler reduced their price objective on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday. Raymond James upgraded Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the company from $235.00 to $150.00 in a report on Thursday. Telsey Advisory Group reiterated an "outperform" rating and set a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $187.89.

Deckers Outdoor Trading Down 1.2 %

Shares of NYSE:DECK traded down $1.30 on Friday, hitting $108.33. 1,645,904 shares of the company were exchanged, compared to its average volume of 2,371,933. The firm has a market capitalization of $16.44 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The stock's 50 day moving average price is $131.60 and its 200 day moving average price is $167.76.

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

Deckers Outdoor Company 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.