UniSuper Management Pty Ltd Buys 73,563 Shares of Deckers Outdoor Co. (NYSE:DECK)

UniSuper Management Pty Ltd boosted its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 409.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,519 shares of the textile maker’s stock after acquiring an additional 73,563 shares during the period. UniSuper Management Pty Ltd’s holdings in Deckers Outdoor were worth $18,587,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DECK. Vanguard Group Inc. lifted its holdings in shares of Deckers Outdoor by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock worth $3,582,464,000 after acquiring an additional 229,807 shares during the period. State Street Corp raised its position in 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 in the last quarter. Geode Capital Management LLC lifted its stake in Deckers Outdoor by 509.1% during the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after purchasing an additional 3,393,420 shares during the period. American Century Companies Inc. boosted its holdings in Deckers Outdoor by 6.4% during the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker’s stock valued at $265,262,000 after purchasing an additional 78,623 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 1.0 %

Shares of DECK stock opened at $116.95 on Friday. Deckers Outdoor Co. has a 12 month low of $112.10 and a 12 month high of $223.98. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.68 and a beta of 1.10. The stock has a 50-day moving average price of $155.43 and a 200 day moving average price of $167.03.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business’s 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 completion of the transaction, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the 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 completion of the sale, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

DECK has been the subject of several analyst reports. Evercore ISI raised their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Stifel Nicolaus lifted their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. KeyCorp upped their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group boosted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group raised their price objective 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. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average 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.