Martin Currie Ltd. Takes $57.69 Million Position in Deckers Outdoor Co. (NYSE:DECK)

Martin Currie Ltd. purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 284,050 shares of the textile maker’s stock, valued at approximately $57,688,000. Deckers Outdoor accounts for 2.1% of Martin Currie Ltd.’s investment portfolio, making the stock its 17th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC grew its holdings in shares of Deckers Outdoor by 1,781.4% during the third quarter. Cerity Partners LLC now owns 24,119 shares of the textile maker’s stock worth $3,846,000 after buying an additional 22,837 shares during the last quarter. Algert Global LLC increased its holdings in shares of Deckers Outdoor by 598.1% in the third quarter. Algert Global LLC now owns 2,988 shares of the textile maker’s stock valued at $476,000 after purchasing an additional 2,560 shares during the period. Fisher Asset Management LLC raised its stake in shares of Deckers Outdoor by 469.2% during the third quarter. Fisher Asset Management LLC now owns 8,270 shares of the textile maker’s stock worth $1,319,000 after purchasing an additional 6,817 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Deckers Outdoor by 498.2% during the third quarter. Bank of Montreal Can now owns 167,407 shares of the textile maker’s stock worth $26,688,000 after purchasing an additional 139,424 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Deckers Outdoor by 497.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 91,583 shares of the textile maker’s stock valued at $14,603,000 after buying an additional 76,259 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 4.6 %

NYSE:DECK opened at $111.53 on Friday. Deckers Outdoor Co. has a twelve month low of $110.75 and a twelve month high of $223.98. The company has a market capitalization of $16.93 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The firm has a 50-day moving average price of $153.46 and a two-hundred day moving average price of $168.63.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data 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 return on equity of 41.71% and a net margin of 19.14%. On average, equities research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on DECK. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Stifel Nicolaus raised their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Truist Financial cut their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, UBS Group lifted their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Insider Activity

In other news, Director David Powers sold 25,000 shares of the stock in a transaction dated 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. This represents a 9.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

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.