Keystone Investors PTE Ltd. Increases Stake in Deckers Outdoor Co. (NYSE:DECK)

Keystone Investors PTE Ltd. increased its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,981 shares of the textile maker’s stock after acquiring an additional 99 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in Deckers Outdoor were worth $2,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Resonant Capital Advisors LLC raised its stake in Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after purchasing an additional 52 shares in the last quarter. Bleakley Financial Group LLC grew its position in Deckers Outdoor by 3.9% in the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after acquiring an additional 54 shares in the last quarter. Mather Group LLC. raised its position in Deckers Outdoor by 2.6% during the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after purchasing an additional 64 shares during the period. Prosperity Wealth Management Inc. boosted its holdings in shares of Deckers Outdoor by 2.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock worth $564,000 after purchasing an additional 75 shares during the period. Finally, WD Rutherford LLC raised its holdings in Deckers Outdoor by 4.8% during the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after buying an additional 79 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 value of $3,471,000.00. Following the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DECK. KeyCorp raised their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Truist Financial reduced their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Jefferies Financial Group raised their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Stock Up 5.9 %

NYSE DECK opened at $124.82 on Tuesday. The stock has a market cap of $18.94 billion, a P/E ratio of 20.24, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a twelve month low of $112.10 and a twelve month high of $223.98. The company’s 50-day simple moving average is $160.63 and its 200 day simple moving average is $167.03.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping 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%. Research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

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.