Axiom Investors LLC DE Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Axiom Investors LLC DE purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 228,177 shares of the textile maker’s stock, valued at approximately $46,340,000. Axiom Investors LLC DE owned about 0.15% of Deckers Outdoor as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Deckers Outdoor by 24.7% in the fourth quarter. Wellington Management Group LLP now owns 1,100,236 shares of the textile maker’s stock valued at $223,447,000 after buying an additional 217,887 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Deckers Outdoor by 6.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 33,357 shares of the textile maker’s stock worth $6,774,000 after purchasing an additional 2,008 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Deckers Outdoor by 1.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,896 shares of the textile maker’s stock worth $1,016,000 after purchasing an additional 90 shares during the last quarter. Martin Currie Ltd. acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $57,688,000. Finally, Schroder Investment Management Group lifted its position in Deckers Outdoor by 1.9% during the fourth quarter. Schroder Investment Management Group now owns 61,542 shares of the textile maker’s stock worth $12,499,000 after buying an additional 1,131 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 4.6 %

DECK stock opened at $111.53 on Monday. The stock has a market cap of $16.93 billion, a P/E ratio of 18.08, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a twelve month low of $110.12 and a twelve month high of $223.98. The company’s 50 day moving average is $153.46 and its two-hundred day moving average is $169.64.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results 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 predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Activity

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DECK shares. Truist Financial reduced their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Barclays increased their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a report 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, Bank of America boosted their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.