Krane Funds Advisors LLC Acquires New Stake in Deckers Outdoor Co. (NYSE:DECK)

Krane Funds Advisors LLC bought a new position in Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,424 shares of the textile maker’s stock, valued at approximately $289,000.

Several other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after buying an additional 120 shares during the period. Fortitude Family Office LLC grew its stake 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 buying an additional 198 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its holdings in Deckers Outdoor by 404.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker’s stock valued at $51,000 after acquiring an additional 202 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the company’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 completion of the transaction, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $40,344.00. Following the sale, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $106.04 on Monday. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98. The firm has a 50-day moving average of $142.96 and a 200 day moving average of $169.85. The stock has a market cap of $16.09 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (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 expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on DECK shares. UBS Group boosted their price objective on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Jefferies Financial Group upped their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, KeyCorp raised their price target on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

About Deckers Outdoor

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.