Assetmark Inc. Increases Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Assetmark Inc. grew its stake in Deckers Outdoor Co. (NYSE:DECK) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,778 shares of the textile maker’s stock after buying an additional 479 shares during the period. Assetmark Inc.’s holdings in Deckers Outdoor were worth $3,204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Deckers Outdoor by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock valued at $203,300,000 after purchasing an additional 32,318 shares during the last quarter. State of Michigan Retirement System grew its position in Deckers Outdoor by 1.2% during the fourth quarter. State of Michigan Retirement System now owns 49,700 shares of the textile maker’s stock valued at $10,094,000 after acquiring an additional 600 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Deckers Outdoor by 3.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,140 shares of the textile maker’s stock worth $1,247,000 after acquiring an additional 212 shares in the last quarter. Fidelis Capital Partners LLC lifted its holdings in shares of Deckers Outdoor by 7.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 10,508 shares of the textile maker’s stock worth $2,134,000 after acquiring an additional 720 shares during the last quarter. Finally, Plato Investment Management Ltd boosted its stake in shares of Deckers Outdoor by 55.8% in the 4th quarter. Plato Investment Management Ltd now owns 4,749 shares of the textile maker’s stock valued at $968,000 after purchasing an additional 1,701 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 3.9 %

NYSE:DECK opened at $126.81 on Monday. The stock has a market cap of $19.25 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The firm’s fifty day simple moving average is $179.75 and its 200 day simple moving average is $159.83. Deckers Outdoor Co. has a twelve month low of $122.61 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results 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%. On average, analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analyst Ratings Changes

DECK has been the topic of a number of analyst reports. Evercore ISI lifted their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Bank of America raised their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Stifel Nicolaus boosted 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. Finally, KeyCorp raised their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,574 shares of company stock valued at $6,485,189. 0.40% of the stock is currently owned by company insiders.

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.