Goldman Sachs Group Inc. Buys 44,942 Shares of Deckers Outdoor Co. (NYSE:DECK)

Goldman Sachs Group Inc. increased its holdings in Deckers Outdoor Co. (NYSE:DECK) by 32.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,739 shares of the textile maker’s stock after purchasing an additional 44,942 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.72% of Deckers Outdoor worth $122,817,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley boosted its position in Deckers Outdoor by 82.6% during the third quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after acquiring an additional 527,546 shares during the last quarter. Norges Bank bought a new stake in Deckers Outdoor during the fourth quarter valued at $196,814,000. TD Asset Management Inc boosted its position in Deckers Outdoor by 191.1% during the fourth quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after acquiring an additional 200,850 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at $73,722,000. Finally, Epoch Investment Partners Inc. boosted its position in Deckers Outdoor by 90.4% during the fourth quarter. Epoch Investment Partners Inc. now owns 216,709 shares of the textile maker’s stock valued at $144,855,000 after acquiring an additional 102,882 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Caroti Stefano sold 5,000 shares of Deckers Outdoor stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,079.74, for a total transaction of $5,398,700.00. Following the completion of the sale, the insider now owns 39,926 shares of the company’s stock, valued at $43,109,699.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Caroti Stefano sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the completion of the sale, the insider now directly owns 39,926 shares of the company’s stock, valued at approximately $43,109,699.24. The disclosure for this sale can be found here. Insiders have sold 28,101 shares of company stock worth $28,858,562 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded down $6.41 on Friday, reaching $1,023.75. 201,367 shares of the company traded hands, compared to its average volume of 366,995. Deckers Outdoor Co. has a 52 week low of $484.02 and a 52 week high of $1,106.89. The company has a 50 day moving average of $916.09 and a 200 day moving average of $838.72. The firm has a market capitalization of $26.04 billion, a PE ratio of 34.93, a PEG ratio of 3.44 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $2.13. The firm had revenue of $959.76 million during the quarter, compared to the consensus estimate of $892.00 million. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The company’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.46 EPS. As a group, analysts anticipate that Deckers Outdoor Co. will post 30.59 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DECK shares. Evercore ISI upped their price objective on shares of Deckers Outdoor from $960.00 to $1,110.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Barclays dropped their price objective on shares of Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating on the stock in a report on Tuesday, May 21st. Wells Fargo & Company upped their price objective on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. TD Cowen upped their price objective on shares of Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Bank of America upped their price objective on shares of Deckers Outdoor from $860.00 to $1,020.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,018.44.

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