Zacks Investment Management Buys Shares of 18,163 Deckers Outdoor Co. (NYSE:DECK)

Zacks Investment Management bought a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,163 shares of the textile maker's stock, valued at approximately $3,689,000.

A number of other large investors have also bought and sold shares of DECK. Passumpsic Savings Bank increased its stake in shares of Deckers Outdoor by 477.8% in the 3rd quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker's stock valued at $4,352,000 after buying an additional 22,572 shares during the period. Anchor Investment Management LLC lifted its position in Deckers Outdoor by 500.0% during the 3rd quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker's stock valued at $80,000 after purchasing an additional 420 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Deckers Outdoor during the third quarter worth approximately $679,000. Tidal Investments LLC lifted its holdings in Deckers Outdoor by 3,540.6% in the third quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker's stock valued at $24,206,000 after buying an additional 147,642 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Deckers Outdoor by 497.5% during the 3rd quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker's stock worth $62,825,000 after acquiring an additional 325,451 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred 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 directly owns 10,388 shares in the company, valued at $1,396,978.24. The trade was a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, 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 disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Price Performance

DECK stock traded up $0.74 during mid-day trading on Wednesday, reaching $107.16. 934,583 shares of the company traded hands, compared to its average volume of 2,370,316. The company has a fifty day moving average price of $122.22 and a 200-day moving average price of $164.83. The company has a market capitalization of $16.26 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 52-week low of $93.72 and a 52-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 analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and dropped their price objective for the stock from $235.00 to $150.00 in a research note on Thursday, April 10th. KeyCorp lifted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Barclays increased their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Nine 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. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of "Moderate Buy" and an average price target of $187.89.

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.