Orion Portfolio Solutions LLC Raises Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Orion Portfolio Solutions LLC raised its holdings in Deckers Outdoor Co. (NYSE:DECK) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,115 shares of the textile maker’s stock after purchasing an additional 1,791 shares during the period. Orion Portfolio Solutions LLC’s holdings in Deckers Outdoor were worth $4,898,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DECK. Cerity Partners LLC raised its stake in Deckers Outdoor by 1,781.4% during the third quarter. Cerity Partners LLC now owns 24,119 shares of the textile maker’s stock valued at $3,846,000 after buying an additional 22,837 shares in the last quarter. Algert Global LLC increased its holdings in shares of Deckers Outdoor by 598.1% in the 3rd quarter. Algert Global LLC now owns 2,988 shares of the textile maker’s stock valued at $476,000 after acquiring an additional 2,560 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Deckers Outdoor by 469.2% during the 3rd quarter. Fisher Asset Management LLC now owns 8,270 shares of the textile maker’s stock valued at $1,319,000 after acquiring an additional 6,817 shares in the last quarter. Bank of Montreal Can lifted its stake in Deckers Outdoor by 498.2% during the third quarter. Bank of Montreal Can now owns 167,407 shares of the textile maker’s stock worth $26,688,000 after purchasing an additional 139,424 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Deckers Outdoor by 497.6% in the third quarter. The Manufacturers Life Insurance Company now owns 91,583 shares of the textile maker’s stock worth $14,603,000 after purchasing an additional 76,259 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the stock in a transaction 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 completion of the sale, the director now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated 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. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DECK has been the subject of several recent research reports. UBS Group upped their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus raised their price target on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Jefferies Financial Group boosted their price objective on 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 Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Friday, February 7th. Finally, Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research report 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’s stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Trading Down 4.6 %

Shares of Deckers Outdoor stock opened at $111.53 on Friday. Deckers Outdoor Co. has a 12 month low of $110.75 and a 12 month high of $223.98. The company has a market capitalization of $16.93 billion, a PE ratio of 18.08, a PEG ratio of 1.68 and a beta of 1.10. The stock’s fifty day simple moving average is $153.46 and its 200 day simple moving average is $168.63.

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%. 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.