Rakuten Securities Inc. Has $71,000 Holdings in Deckers Outdoor Co. (NYSE:DECK)

Rakuten Securities Inc. increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 59.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 350 shares of the textile maker’s stock after purchasing an additional 131 shares during the period. Rakuten Securities Inc.’s holdings in Deckers Outdoor were worth $71,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in shares of Deckers Outdoor by 17.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,410 shares of the textile maker’s stock worth $489,000 after purchasing an additional 358 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Deckers Outdoor by 12.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the textile maker’s stock worth $621,000 after purchasing an additional 343 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Deckers Outdoor by 43.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,276 shares of the textile maker’s stock worth $868,000 after purchasing an additional 1,291 shares during the last quarter. PFG Advisors acquired a new position in shares of Deckers Outdoor during the 4th quarter worth about $354,000. Finally, HighTower Advisors LLC lifted its position in shares of Deckers Outdoor by 13.7% during the 4th quarter. HighTower Advisors LLC now owns 56,276 shares of the textile maker’s stock worth $11,429,000 after purchasing an additional 6,788 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DECK. Barclays boosted their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Evercore ISI upped their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial cut their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Up 1.0 %

DECK stock opened at $121.71 on Thursday. The business’s fifty day moving average is $174.78 and its 200-day moving average is $160.88. The company has a market cap of $18.47 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a twelve month low of $119.30 and a twelve month high of $223.98.

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, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The stock was 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 represents a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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.