Harvest Fund Management Co. Ltd Acquires 19,404 Shares of Deckers Outdoor Co. (NYSE:DECK)

Harvest Fund Management Co. Ltd boosted its holdings in Deckers Outdoor Co. (NYSE:DECK) by 561.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,859 shares of the textile maker’s stock after acquiring an additional 19,404 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Deckers Outdoor were worth $4,645,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DECK. Bell Investment Advisors Inc lifted its position in Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares in the last quarter. Global Trust Asset Management LLC bought a new position in Deckers Outdoor in the 4th quarter valued at about $31,000. Brooklyn Investment Group bought a new position in Deckers Outdoor in the 3rd quarter valued at about $36,000. Avior Wealth Management LLC lifted its position in Deckers Outdoor by 2,966.7% in the 3rd quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 267 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its position in Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 198 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 1.9 %

Deckers Outdoor stock opened at $115.23 on Wednesday. Deckers Outdoor Co. has a 1-year low of $115.00 and a 1-year high of $223.98. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.68 and a beta of 1.10. The firm has a 50 day simple moving average of $167.64 and a 200 day simple moving average of $164.38.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction 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 trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were 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 of the company’s stock, valued at approximately $33,568,318.68. The trade was 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.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Evercore ISI lifted their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. KeyCorp lifted their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Bank of America lifted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Needham & Company LLC reissued a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor presently has an average 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.