7,976 Shares in Deckers Outdoor Co. (NYSE:DECK) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,976 shares of the textile maker’s stock, valued at approximately $1,620,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Deckers Outdoor by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock valued at $3,582,464,000 after acquiring an additional 229,807 shares in the last quarter. State Street Corp increased its position in Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after purchasing an additional 5,511,513 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 valued at $831,723,000 after purchasing an additional 45,035 shares in the last quarter. Norges Bank purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $392,583,000. Finally, American Century Companies Inc. boosted its stake in shares of Deckers Outdoor by 6.4% during the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker’s stock valued at $265,262,000 after purchasing an additional 78,623 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DECK. Bank of America boosted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Jefferies Financial Group upped their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Stifel Nicolaus raised their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Performance

Shares of DECK opened at $106.04 on Friday. The stock has a 50-day moving average of $142.96 and a two-hundred day moving average of $169.66. The stock has a market cap of $16.09 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS 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%. Analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

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.