Russell Investments Group Ltd. Purchases 147,254 Shares of Deckers Outdoor Co. (NYSE:DECK)

Russell Investments Group Ltd. increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 71.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 352,574 shares of the textile maker's stock after purchasing an additional 147,254 shares during the period. Russell Investments Group Ltd. owned 0.23% of Deckers Outdoor worth $71,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Public Sector Pension Investment Board boosted its stake in shares of Deckers Outdoor by 605.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,688 shares of the textile maker's stock valued at $1,066,000 after buying an additional 5,740 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Deckers Outdoor by 431.6% in the 3rd quarter. Captrust Financial Advisors now owns 7,362 shares of the textile maker's stock valued at $1,174,000 after purchasing an additional 5,977 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Deckers Outdoor by 32,965.2% during the third quarter. Benjamin Edwards Inc. now owns 7,605 shares of the textile maker's stock worth $1,213,000 after purchasing an additional 7,582 shares during the last quarter. Hilltop Holdings Inc. acquired a new position in Deckers Outdoor in the third quarter worth about $453,000. Finally, HighTower Advisors LLC raised its stake in Deckers Outdoor by 271.5% during the third quarter. HighTower Advisors LLC now owns 49,488 shares of the textile maker's stock valued at $7,975,000 after buying an additional 36,167 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DECK shares. Bank of America upped their price target on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Citigroup raised shares of 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. Evercore ISI raised their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Jefferies Financial Group upped their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. Nine investment 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 stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of "Moderate Buy" and an average target price of $187.89.

Insider Transactions at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $40,344.00. Following the transaction, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Deckers Outdoor Stock Down 1.6 %

Shares of DECK stock traded down $1.75 during trading hours on Friday, reaching $107.88. 1,375,325 shares of the company's stock were exchanged, compared to its average volume of 2,370,474. The business has a fifty day moving average price of $131.60 and a 200-day moving average price of $167.76. The stock has a market capitalization of $16.37 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its 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, research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

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.