Polymer Capital Management HK LTD Boosts Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Polymer Capital Management HK LTD lifted its stake in Deckers Outdoor Co. (NYSE:DECK) by 12.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 37,816 shares of the textile maker’s stock after buying an additional 4,104 shares during the period. Deckers Outdoor makes up approximately 1.3% of Polymer Capital Management HK LTD’s portfolio, making the stock its 18th biggest holding. Polymer Capital Management HK LTD’s holdings in Deckers Outdoor were worth $7,680,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Deckers Outdoor by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock worth $3,582,464,000 after purchasing an additional 229,807 shares during the period. State Street Corp grew its holdings in shares of Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Deckers Outdoor by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker’s stock worth $831,723,000 after buying an additional 45,035 shares during the period. Norges Bank bought a new stake in Deckers Outdoor during the 4th quarter valued at $392,583,000. Finally, American Century Companies Inc. boosted its position in Deckers Outdoor by 6.4% during the 4th quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker’s stock valued at $265,262,000 after buying an additional 78,623 shares during the period. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America upped their price objective 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. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Wells Fargo & Company cut their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Stifel Nicolaus raised their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. 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

Shares of NYSE:DECK opened at $106.04 on Friday. The business has a fifty day moving average price of $142.96 and a 200-day moving average price of $169.76. The company has a market capitalization of $16.09 billion, a PE ratio of 17.19, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data 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, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of the business’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 completion of the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred 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 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. 0.40% of the stock is currently owned by insiders.

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.