Trexquant Investment LP Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Trexquant Investment LP 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 97,448 shares of the textile maker's stock, valued at approximately $19,791,000. Trexquant Investment LP owned approximately 0.06% of Deckers Outdoor as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DECK. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $29,000. Geode Capital Management LLC boosted its stake in Deckers Outdoor by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock worth $831,723,000 after purchasing an additional 45,035 shares during the period. National Bank of Canada FI increased its holdings in Deckers Outdoor by 18.0% during the 4th quarter. National Bank of Canada FI now owns 77,445 shares of the textile maker's stock worth $15,728,000 after purchasing an additional 11,793 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in shares of Deckers Outdoor by 5.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,623 shares of the textile maker's stock valued at $330,000 after purchasing an additional 81 shares during the period. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Deckers Outdoor by 15.7% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 128,479 shares of the textile maker's stock valued at $26,093,000 after purchasing an additional 17,402 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Deckers Outdoor Stock Down 14.4 %

Shares of DECK stock traded down $17.04 during trading on Thursday, reaching $100.95. 8,698,257 shares of the company's stock were exchanged, compared to its average volume of 2,328,582. The firm's fifty day moving average price is $147.53 and its 200-day moving average price is $170.49. Deckers Outdoor Co. has a twelve month low of $96.89 and a twelve month high of $223.98. The stock has a market capitalization of $15.32 billion, a PE ratio of 16.37, a PEG ratio of 1.68 and a beta of 1.10.

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

Insider Activity

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company's stock, valued at $1,396,978.24. This 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 company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company dropped their target price on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Telsey Advisory Group reiterated an "outperform" rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Needham & Company LLC restated a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. UBS Group lifted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, Evercore ISI increased their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Deckers Outdoor has an average rating of "Moderate Buy" and an average target price of $197.41.

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.