E Fund Management Co. Ltd. Invests $1.72 Million in Deckers Outdoor Co. (NYSE:DECK)

E Fund Management Co. Ltd. bought a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,569 shares of the textile maker’s stock, valued at approximately $1,717,000.

Several other large investors have also added to or reduced their stakes in the business. Handelsbanken Fonder AB grew its stake in shares of Deckers Outdoor by 12.4% in the 4th quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock valued at $3,639,000 after buying an additional 600 shares during the period. Intrust Bank NA increased its holdings in shares of Deckers Outdoor by 1.3% during the fourth quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock valued at $1,976,000 after acquiring an additional 38 shares in the last quarter. Advisor Resource Council acquired a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $970,000. Advisors Preferred LLC bought a new position in shares of Deckers Outdoor in the 4th quarter worth $2,271,000. Finally, Marks Group Wealth Management Inc acquired a new stake in Deckers Outdoor in the 4th quarter valued at $6,185,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $862.53, for a total transaction of $5,169,142.29. Following the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $84,715,971.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Steven J. Fasching sold 5,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the sale, the chief financial officer now directly owns 29,291 shares in the company, valued at approximately $24,733,320.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Powers sold 5,993 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $862.53, for a total value of $5,169,142.29. Following the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $84,715,971.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,792 shares of company stock valued at $23,173,771. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DECK. Bank of America lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $875.00 to $860.00 in a research note on Thursday, April 25th. Evercore ISI started coverage on Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price objective for the company. Piper Sandler raised their target price on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. UBS Group upped their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, TD Cowen raised their price objective on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $889.00.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded up $21.07 on Thursday, reaching $874.55. 265,885 shares of the company traded hands, compared to its average volume of 412,576. The firm has a market capitalization of $22.45 billion, a PE ratio of 31.38, a PEG ratio of 1.49 and a beta of 1.05. The company has a 50 day moving average of $877.33 and a 200 day moving average of $767.06. Deckers Outdoor Co. has a 52 week low of $424.36 and a 52 week high of $956.17.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.