1,115 Shares in Deckers Outdoor Co. (NYSE:DECK) Acquired by Polymer Capital Management US LLC

Polymer Capital Management US LLC acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,115 shares of the textile maker’s stock, valued at approximately $226,000.

A number of other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in Deckers Outdoor by 772.1% in the third quarter. Janus Henderson Group PLC now owns 34,378 shares of the textile maker’s stock valued at $5,479,000 after acquiring an additional 30,436 shares during the last quarter. Quantinno Capital Management LP lifted its position in Deckers Outdoor by 2,129.8% during the 3rd quarter. Quantinno Capital Management LP now owns 19,355 shares of the textile maker’s stock valued at $3,086,000 after purchasing an additional 18,487 shares during the period. Wellington Management Group LLP lifted its position in Deckers Outdoor by 308.9% during the 3rd quarter. Wellington Management Group LLP now owns 882,349 shares of the textile maker’s stock valued at $140,691,000 after purchasing an additional 666,541 shares during the period. EP Wealth Advisors LLC boosted its stake in shares of Deckers Outdoor by 645.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 6,882 shares of the textile maker’s stock valued at $1,097,000 after purchasing an additional 5,959 shares during the last quarter. Finally, National Bank of Canada FI grew its position in shares of Deckers Outdoor by 582.6% during the 3rd quarter. National Bank of Canada FI now owns 65,652 shares of the textile maker’s stock worth $10,468,000 after buying an additional 56,034 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DECK. Truist Financial cut their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Jefferies Financial Group increased their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Stifel Nicolaus lifted their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Price Performance

DECK stock opened at $101.66 on Wednesday. The stock has a market capitalization of $15.43 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The business has a 50-day moving average of $136.20 and a 200-day moving average of $168.71.

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

Deckers Outdoor 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.