Nomura Asset Management Co. Ltd. Boosts Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Nomura Asset Management Co. Ltd. increased its holdings in Deckers Outdoor Co. (NYSE:DECK) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,729 shares of the textile maker’s stock after purchasing an additional 238 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Deckers Outdoor were worth $13,552,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DECK. Algert Global LLC raised its position in shares of Deckers Outdoor by 598.1% during the 3rd quarter. Algert Global LLC now owns 2,988 shares of the textile maker’s stock valued at $476,000 after buying an additional 2,560 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Deckers Outdoor by 497.6% during the third quarter. The Manufacturers Life Insurance Company now owns 91,583 shares of the textile maker’s stock worth $14,603,000 after acquiring an additional 76,259 shares during the last quarter. Glenmede Trust Co. NA raised its position in Deckers Outdoor by 1,538.7% during the third quarter. Glenmede Trust Co. NA now owns 7,161 shares of the textile maker’s stock valued at $1,142,000 after purchasing an additional 6,724 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of Deckers Outdoor by 559.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 2,400 shares of the textile maker’s stock valued at $383,000 after purchasing an additional 2,036 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after purchasing an additional 1,074,263 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Down 4.6 %

Shares of Deckers Outdoor stock opened at $111.53 on Monday. Deckers Outdoor Co. has a 12 month low of $110.28 and a 12 month high of $223.98. The stock’s fifty day moving average price is $153.46 and its 200-day moving average price is $169.64. The firm has a market cap of $16.93 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last posted its quarterly 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 net margin of 19.14% and a return on equity of 41.71%. Analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DECK shares. Barclays raised their price target on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Truist Financial cut their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Robert W. Baird raised their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, UBS Group upped their target price 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 research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

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.