Tokio Marine Asset Management Co. Ltd. Grows Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 1,207.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,283 shares of the textile maker's stock after acquiring an additional 58,441 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in Deckers Outdoor were worth $12,852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Deckers Outdoor by 2.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker's stock valued at $889,000 after purchasing an additional 23 shares in the last quarter. Algert Global LLC lifted its position in shares of Deckers Outdoor by 23.0% during the 2nd quarter. Algert Global LLC now owns 428 shares of the textile maker's stock valued at $414,000 after acquiring an additional 80 shares during the period. Atomi Financial Group Inc. boosted its stake in shares of Deckers Outdoor by 6.5% during the 4th quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker's stock worth $273,000 after acquiring an additional 82 shares in the last quarter. CX Institutional grew its holdings in shares of Deckers Outdoor by 4.3% in the 4th quarter. CX Institutional now owns 2,571 shares of the textile maker's stock worth $522,000 after acquiring an additional 107 shares during the period. Finally, Mutual Advisors LLC raised its holdings in Deckers Outdoor by 5.2% during the fourth quarter. Mutual Advisors LLC now owns 2,296 shares of the textile maker's stock worth $478,000 after purchasing an additional 114 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Anne Spangenberg sold 3,882 shares of Deckers Outdoor stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total transaction of $723,721.26. Following the completion of the transaction, the insider now owns 67,434 shares of the company's stock, valued at $12,571,720.62. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,758 shares of company stock valued at $13,506,861. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Stock Performance

NYSE:DECK traded down $1.06 during mid-day trading on Tuesday, hitting $169.57. 5,843,364 shares of the stock were exchanged, compared to its average volume of 2,808,990. The firm's 50-day simple moving average is $204.88 and its 200 day simple moving average is $139.73. The stock has a market capitalization of $25.76 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data 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 return on equity of 41.71% and a net margin of 19.14%. On average, analysts predict that Deckers Outdoor Co. will post 5.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price target on Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a report on Friday. Seaport Res Ptn downgraded Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 7th. Wells Fargo & Company lowered their price target on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday. Robert W. Baird increased their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Finally, Barclays boosted their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $197.41.

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.