1,732 Shares in Deckers Outdoor Co. (NYSE:DECK) Purchased by Aigen Investment Management LP

Aigen Investment Management LP acquired a new stake in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,732 shares of the textile maker’s stock, valued at approximately $352,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DECK. Farther Finance Advisors LLC raised its stake in Deckers Outdoor by 2,037.5% in the third quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker’s stock valued at $327,000 after buying an additional 1,956 shares during the period. Principal Financial Group Inc. raised its stake in Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after buying an additional 332,590 shares during the period. Portside Wealth Group LLC raised its stake in Deckers Outdoor by 440.0% in the third quarter. Portside Wealth Group LLC now owns 2,824 shares of the textile maker’s stock valued at $450,000 after buying an additional 2,301 shares during the period. AIA Group Ltd raised its stake in Deckers Outdoor by 594.4% in the third quarter. AIA Group Ltd now owns 12,500 shares of the textile maker’s stock valued at $1,993,000 after buying an additional 10,700 shares during the period. Finally, SpiderRock Advisors LLC raised its stake in Deckers Outdoor by 499.9% in the third quarter. SpiderRock Advisors LLC now owns 24,036 shares of the textile maker’s stock valued at $3,833,000 after buying an additional 20,029 shares during the period. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DECK. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Friday, February 7th. Robert W. Baird upped their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. KeyCorp upped their target price on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Barclays upped their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $126.81 on Friday. The company has a market capitalization of $19.25 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 1 year low of $122.61 and a 1 year high of $223.98. The business’s 50 day simple moving average is $179.75 and its 200 day simple moving average is $158.89.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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 anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,574 shares of company stock worth $6,485,189 over the last three months. Insiders own 0.40% of the company’s stock.

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.