Vanguard Group Inc. Buys 3,353 Shares of Deckers Outdoor Co. (NYSE:DECK)

Vanguard Group Inc. increased its stake in Deckers Outdoor Co. (NYSE:DECK) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,459,134 shares of the textile maker’s stock after buying an additional 3,353 shares during the period. Vanguard Group Inc. owned 9.58% of Deckers Outdoor worth $1,643,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Morgan Stanley grew its holdings in Deckers Outdoor by 82.6% in the third quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock worth $599,633,000 after purchasing an additional 527,546 shares during the period. Norges Bank purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $196,814,000. TD Asset Management Inc increased its position in Deckers Outdoor by 191.1% during the 4th quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after buying an additional 200,850 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Deckers Outdoor during the fourth quarter valued at $73,722,000. Finally, Epoch Investment Partners Inc. boosted its holdings in Deckers Outdoor by 90.4% in the fourth quarter. Epoch Investment Partners Inc. now owns 216,709 shares of the textile maker’s stock worth $144,855,000 after acquiring an additional 102,882 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Angela Ogbechie sold 153 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the completion of the transaction, the insider now directly owns 3,779 shares in the company, valued at approximately $4,073,497.47. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the sale, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at $82,580,519. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Angela Ogbechie sold 153 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total value of $164,923.29. Following the completion of the transaction, the insider now directly owns 3,779 shares of the company’s stock, valued at approximately $4,073,497.47. The disclosure for this sale can be found here. Insiders sold a total of 28,101 shares of company stock worth $28,858,562 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Deckers Outdoor Trading Down 0.9 %

DECK opened at $1,008.39 on Thursday. The company’s 50 day moving average is $925.44 and its 200 day moving average is $847.24. The company has a market cap of $25.65 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 3.40 and a beta of 1.11. Deckers Outdoor Co. has a 12-month low of $484.02 and a 12-month high of $1,106.89.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, topping the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The business had revenue of $959.76 million for the quarter, compared to analysts’ expectations of $892.00 million. During the same quarter last year, the company posted $3.46 EPS. The company’s revenue was up 21.2% compared to the same quarter last year. As a group, analysts predict that Deckers Outdoor Co. will post 30.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DECK. Wells Fargo & Company lifted their price target on Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. BTIG Research upped their target price on shares of Deckers Outdoor from $1,020.00 to $1,120.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Telsey Advisory Group raised their price target on shares of Deckers Outdoor from $985.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 28th. UBS Group upped their price objective on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, Wedbush lifted their target price on Deckers Outdoor from $1,000.00 to $1,030.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,018.44.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.