Versor Investments LP Purchases Shares of 5,300 Deckers Outdoor Co. (NYSE:DECK)

Versor Investments LP bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,300 shares of the textile maker's stock, valued at approximately $1,076,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DECK. Solstein Capital LLC grew its holdings in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock valued at $26,000 after buying an additional 135 shares in the last quarter. Bell Investment Advisors Inc grew its stake in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock valued at $28,000 after acquiring an additional 146 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor in the 4th quarter valued at $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker's stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock valued at $35,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Down 1.5 %

DECK stock traded down $2.13 during trading on Monday, hitting $137.23. The company had a trading volume of 2,783,069 shares, compared to its average volume of 3,113,939. Deckers Outdoor Co. has a 52-week low of $131.39 and a 52-week high of $223.98. The company has a 50 day simple moving average of $187.25 and a 200-day simple moving average of $156.07. The firm has a market capitalization of $20.83 billion, a P/E ratio of 22.25, a PEG ratio of 1.68 and a beta of 1.07.

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Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its 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 net margin of 19.14% and a return on equity of 41.71%. Sell-side analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DECK. KeyCorp boosted their target price on Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Robert W. Baird upped their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Evercore ISI increased their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. UBS Group boosted their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.41.

Insider Activity

In other news, CEO Caroti Stefano sold 14,274 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 259,266 shares of the company's stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

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.