Trivest Advisors Ltd Makes New $13.65 Million Investment in Deckers Outdoor Co. (NYSE:DECK)

Trivest Advisors Ltd acquired a new stake in Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 67,200 shares of the textile maker’s stock, valued at approximately $13,648,000.

A number of other hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. raised its stake in Deckers Outdoor by 317.6% during the 3rd quarter. Victory Capital Management Inc. now owns 94,702 shares of the textile maker’s stock worth $15,100,000 after acquiring an additional 72,022 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Deckers Outdoor by 240.9% during the third quarter. OneDigital Investment Advisors LLC now owns 1,500 shares of the textile maker’s stock worth $239,000 after purchasing an additional 1,060 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Deckers Outdoor by 545.3% in the 3rd quarter. CIBC Asset Management Inc now owns 22,328 shares of the textile maker’s stock valued at $3,560,000 after purchasing an additional 18,868 shares during the last quarter. Kentucky Retirement Systems boosted its position in shares of Deckers Outdoor by 449.2% in the 3rd quarter. Kentucky Retirement Systems now owns 10,621 shares of the textile maker’s stock valued at $1,694,000 after purchasing an additional 8,687 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its stake in Deckers Outdoor by 445.2% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,514 shares of the textile maker’s stock worth $720,000 after buying an additional 3,686 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Bank of America upped their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Robert W. Baird raised their price target on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, UBS Group upped 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. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $197.41.

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.

Deckers Outdoor Trading Down 1.9 %

DECK stock opened at $115.23 on Wednesday. The company’s 50-day moving average price is $167.64 and its 200 day moving average price is $164.38. Deckers Outdoor Co. has a 52 week low of $115.00 and a 52 week high of $223.98. The company has a market cap of $17.49 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.68 and a beta of 1.10.

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, topping 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 research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current 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.