Deckers Outdoor Co. (NYSE:DECK) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its position in Deckers Outdoor Co. (NYSE:DECK) by 250.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168 shares of the textile maker’s stock after purchasing an additional 120 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Deckers Outdoor were worth $34,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bell Investment Advisors Inc increased its stake in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at $31,000. Brooklyn Investment Group acquired a new stake in Deckers Outdoor during the 3rd quarter worth $36,000. Avior Wealth Management LLC lifted its position in Deckers Outdoor by 2,966.7% in the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 267 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its stake in Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 198 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 transaction, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DECK shares. Needham & Company LLC reiterated a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. UBS Group boosted their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group raised their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Friday, February 7th. Finally, Evercore ISI raised their price objective 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. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Trading Up 5.9 %

Shares of DECK stock opened at $124.82 on Tuesday. Deckers Outdoor Co. has a 12-month low of $112.10 and a 12-month high of $223.98. The company has a market cap of $18.94 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The stock has a 50 day simple moving average of $160.63 and a 200-day simple moving average of $167.03.

Deckers Outdoor (NYSE:DECK) last released 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%. On average, equities analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

About Deckers Outdoor

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.