Deckers Outdoor Co. (NYSE:DECK) Shares Acquired by Korea Investment CORP

Korea Investment CORP increased its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 34.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,960 shares of the textile maker’s stock after acquiring an additional 40,048 shares during the quarter. Korea Investment CORP owned about 0.10% of Deckers Outdoor worth $32,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $589,000. Florida Financial Advisors LLC raised its position in Deckers Outdoor by 24.1% in the 4th quarter. Florida Financial Advisors LLC now owns 3,040 shares of the textile maker’s stock valued at $617,000 after purchasing an additional 590 shares during the last quarter. Keystone Investors PTE Ltd. boosted its stake in Deckers Outdoor by 0.7% during the 4th quarter. Keystone Investors PTE Ltd. now owns 13,981 shares of the textile maker’s stock worth $2,839,000 after purchasing an additional 99 shares during the period. Modern Wealth Management LLC purchased a new position in Deckers Outdoor during the 4th quarter worth $516,000. Finally, Corebridge Financial Inc. increased its stake in Deckers Outdoor by 12.4% in the fourth quarter. Corebridge Financial Inc. now owns 45,651 shares of the textile maker’s stock valued at $9,271,000 after purchasing an additional 5,028 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Down 4.6 %

NYSE:DECK opened at $111.53 on Friday. The company has a market capitalization of $16.93 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 52-week low of $110.75 and a 52-week high of $223.98. The stock has a fifty day simple moving average of $153.46 and a 200-day simple moving average of $167.63.

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

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DECK shares. UBS Group raised their price target on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group boosted their target price on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.