Deckers Outdoor Co. (NYSE:DECK) Shares Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its position in Deckers Outdoor Co. (NYSE:DECK) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,626 shares of the textile maker’s stock after acquiring an additional 11,159 shares during the period. Artisan Partners Limited Partnership owned approximately 0.59% of Deckers Outdoor worth $102,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Morgan Stanley grew its holdings in Deckers Outdoor by 82.6% during the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after buying an additional 527,546 shares during the last quarter. Invesco Ltd. grew its holdings in Deckers Outdoor by 8.9% during the 3rd quarter. Invesco Ltd. now owns 456,957 shares of the textile maker’s stock valued at $234,917,000 after buying an additional 37,194 shares during the last quarter. Norges Bank acquired a new stake in Deckers Outdoor during the 4th quarter valued at $196,814,000. Northern Trust Corp grew its holdings in Deckers Outdoor by 2.6% during the 3rd quarter. Northern Trust Corp now owns 231,535 shares of the textile maker’s stock valued at $119,030,000 after buying an additional 5,972 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Deckers Outdoor by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,873 shares of the textile maker’s stock valued at $115,553,000 after buying an additional 1,954 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. KeyCorp increased their target price on Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their target price on Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday. Evercore ISI increased their target price on Deckers Outdoor from $960.00 to $1,110.00 and gave the stock an “outperform” rating in a research report on Friday. TD Cowen increased their target price on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Raymond James increased their target price on Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,018.44.

Insider Buying and Selling

In related news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE DECK traded up $32.50 during midday trading on Tuesday, reaching $1,065.40. 169,874 shares of the company’s stock were exchanged, compared to its average volume of 409,103. Deckers Outdoor Co. has a 52-week low of $464.25 and a 52-week high of $1,070.05. The stock has a market capitalization of $27.35 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05. The business’s fifty day moving average price is $876.25 and its two-hundred day moving average price is $799.20.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The business had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. During the same period in the previous year, the company earned $3.46 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. Analysts predict that Deckers Outdoor Co. will post 30.39 earnings per share 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.