May Barnhard Investments LLC Invests $987,000 in Deckers Outdoor Co. (NYSE:DECK)

May Barnhard Investments LLC bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,860 shares of the textile maker’s stock, valued at approximately $987,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DECK. Bell Investment Advisors Inc grew its stake in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Deckers Outdoor in the fourth quarter worth about $31,000. Brooklyn Investment Group acquired a new position in Deckers Outdoor in the third quarter worth about $36,000. Avior Wealth Management LLC grew its stake in Deckers Outdoor by 2,966.7% in the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock worth $44,000 after purchasing an additional 267 shares in the last quarter. Finally, Fortitude Family Office LLC grew its stake in Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred 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. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $116.84 on Friday. Deckers Outdoor Co. has a 12 month low of $115.06 and a 12 month high of $223.98. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.68 and a beta of 1.10. The stock’s 50 day moving average price is $173.03 and its 200 day moving average price is $160.57.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 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, sell-side analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays lifted their price target on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, February 7th. Finally, Wells Fargo & Company decreased their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have given 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 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.