Wellington Management Group LLP Buys 217,887 Shares of Deckers Outdoor Co. (NYSE:DECK)

Wellington Management Group LLP increased its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 24.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,100,236 shares of the textile maker’s stock after buying an additional 217,887 shares during the quarter. Wellington Management Group LLP owned 0.72% of Deckers Outdoor worth $223,447,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Deckers Outdoor by 109.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock valued at $91,965,000 after purchasing an additional 235,091 shares in the last quarter. Navellier & Associates Inc. grew its stake in Deckers Outdoor by 6.4% during the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock worth $6,053,000 after buying an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Deckers Outdoor by 62.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock valued at $1,407,000 after acquiring an additional 2,668 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Deckers Outdoor by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock worth $203,300,000 after acquiring an additional 32,318 shares in the last quarter. Finally, Amundi grew its position in Deckers Outdoor by 11.0% during the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock worth $225,855,000 after acquiring an additional 108,054 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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. 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DECK. UBS Group boosted their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group increased 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, Bank of America boosted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $118.10 on Thursday. The company’s 50 day simple moving average is $147.53 and its 200 day simple moving average is $170.49. The firm has a market capitalization of $17.92 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a fifty-two week low of $105.02 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS 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%. As a group, analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

About Deckers Outdoor

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.