Townsquare Capital LLC Raises Holdings in Deckers Outdoor Co. (NYSE:DECK)

Townsquare Capital LLC boosted its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,476 shares of the textile maker's stock after buying an additional 6,439 shares during the quarter. Townsquare Capital LLC's holdings in Deckers Outdoor were worth $5,986,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Deckers Outdoor by 109.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock valued at $91,965,000 after acquiring an additional 235,091 shares during the last quarter. Navellier & Associates Inc. grew its holdings in shares of Deckers Outdoor by 6.4% in the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock valued at $6,053,000 after buying an additional 1,791 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of Deckers Outdoor by 62.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock valued at $1,407,000 after buying an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Deckers Outdoor by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock worth $203,300,000 after acquiring an additional 32,318 shares in the last quarter. Finally, Amundi grew its stake in Deckers Outdoor by 11.0% in the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker's stock valued at $225,855,000 after acquiring an additional 108,054 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on DECK shares. Barclays upped their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Raymond James upgraded Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and dropped their price objective for the company from $235.00 to $150.00 in a research note on Thursday, April 10th. UBS Group lifted their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a report on Friday, February 7th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $240.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $187.89.

Deckers Outdoor Stock Up 2.6 %

Deckers Outdoor stock traded up $2.64 during mid-day trading on Friday, hitting $105.66. 1,754,040 shares of the stock were exchanged, compared to its average volume of 2,379,903. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The firm's fifty day simple moving average is $125.30 and its two-hundred day simple moving average is $165.91.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping 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, analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David Powers sold 25,000 shares of the business'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 transaction, the director now owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

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.