O Shaughnessy Asset Management LLC Has $6.77 Million Position in Deckers Outdoor Co. (NYSE:DECK)

O Shaughnessy Asset Management LLC raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,357 shares of the textile maker’s stock after purchasing an additional 2,008 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Deckers Outdoor were worth $6,774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 120 shares during the period. Fortitude Family Office LLC lifted its position in Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after acquiring an additional 198 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 59.8% during the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock worth $71,000 after acquiring an additional 131 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Deckers Outdoor by 107.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker’s stock valued at $74,000 after purchasing an additional 189 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DECK has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Barclays boosted their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Robert W. Baird raised their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, UBS Group raised their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated 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 sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Up 1.4 %

Shares of DECK stock opened at $113.43 on Wednesday. The business has a fifty day simple moving average of $149.47 and a 200 day simple moving average of $170.86. The company has a market cap of $17.22 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a twelve month low of $107.37 and a twelve month high of $223.98.

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

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.