Sei Investments Co. Purchases 79,270 Shares of Deckers Outdoor Co. (NYSE:DECK)

Sei Investments Co. raised its position in Deckers Outdoor Co. (NYSE:DECK) by 37.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 292,466 shares of the textile maker’s stock after buying an additional 79,270 shares during the quarter. Sei Investments Co. owned about 0.19% of Deckers Outdoor worth $59,398,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of Deckers Outdoor by 6.4% during the 4th quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker’s stock worth $265,262,000 after buying an additional 78,623 shares in the last quarter. Mizuho Securities USA LLC raised its stake in Deckers Outdoor by 45.7% during the fourth quarter. Mizuho Securities USA LLC now owns 14,399 shares of the textile maker’s stock worth $2,924,000 after acquiring an additional 4,513 shares in the last quarter. Sciencast Management LP bought a new position in shares of Deckers Outdoor in the fourth quarter worth about $593,000. Oxford Financial Group LTD. LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at approximately $573,000. Finally, TD Private Client Wealth LLC grew its holdings in shares of Deckers Outdoor by 11.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,065 shares of the textile maker’s stock valued at $216,000 after purchasing an additional 112 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s 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 completion of the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % 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 Up 2.0 %

Shares of DECK opened at $118.01 on Monday. The firm’s fifty day simple moving average is $162.23 and its two-hundred day simple moving average is $166.32. Deckers Outdoor Co. has a 12 month low of $112.10 and a 12 month high of $223.98. The stock has a market capitalization of $17.91 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, research analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DECK. Bank of America raised their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Robert W. Baird boosted 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, Truist Financial dropped their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

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.