Wellington Management Group LLP Has $223.45 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Wellington Management Group LLP raised its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 24.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,100,236 shares of the textile maker's stock after acquiring an additional 217,887 shares during the quarter. Wellington Management Group LLP owned about 0.72% of Deckers Outdoor worth $223,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after buying an additional 120 shares during the period. Fortitude Family Office LLC raised its position in shares of Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock worth $45,000 after acquiring an additional 198 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of Deckers Outdoor by 59.8% during the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker's stock worth $71,000 after acquiring an additional 131 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Deckers Outdoor by 107.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker's stock valued at $74,000 after acquiring an additional 189 shares during the period. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Price Performance

DECK traded down $0.06 during trading on Monday, reaching $105.96. The company had a trading volume of 4,714,337 shares, compared to its average volume of 2,364,836. The business's fifty day moving average price is $140.84 and its 200 day moving average price is $169.53. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The company has a market cap of $16.08 billion, a P/E ratio of 17.18, a PEG ratio of 1.68 and a beta of 1.07.

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

Analyst Upgrades and Downgrades

DECK has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. UBS Group boosted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Bank of America lifted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Finally, Truist Financial cut their price target on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $197.41.

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm'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 completion of the transaction, the director now owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

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.