Deckers Outdoor Co. (NYSE:DECK) Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in Deckers Outdoor Co. (NYSE:DECK) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,104,954 shares of the textile maker’s stock after buying an additional 45,035 shares during the quarter. Geode Capital Management LLC owned about 2.70% of Deckers Outdoor worth $831,723,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DECK. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor during the 4th quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after buying an additional 120 shares in the last quarter. Fortitude Family Office LLC grew its position 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 buying an additional 198 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of Deckers Outdoor by 59.8% during the 4th quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock valued at $71,000 after acquiring an additional 131 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Deckers Outdoor by 107.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker’s stock worth $74,000 after acquiring an additional 189 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of DECK opened at $118.10 on Thursday. The firm has a market cap of $17.92 billion, a PE ratio of 19.15, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a twelve month low of $105.02 and a twelve month high of $223.98. The firm’s 50 day moving average price is $147.53 and its 200 day moving average price is $170.49.

Deckers Outdoor (NYSE:DECK) last released 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 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.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company cut their target price 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. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Robert W. Baird raised their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Friday, February 7th. 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 research note on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Powers sold 25,000 shares of Deckers Outdoor 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 in the company, valued at approximately $33,568,318.68. This 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 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.