Dorsey Wright & Associates Has $10.43 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Dorsey Wright & Associates reduced its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 23.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,342 shares of the textile maker’s stock after selling 15,468 shares during the quarter. Deckers Outdoor comprises 2.5% of Dorsey Wright & Associates’ investment portfolio, making the stock its 4th biggest position. Dorsey Wright & Associates’ holdings in Deckers Outdoor were worth $10,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth $31,000. Whittier Trust Co. of Nevada Inc. increased its stake in Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after acquiring an additional 120 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Deckers Outdoor in the 3rd quarter valued at about $36,000. Fortitude Family Office LLC boosted its position in shares of Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 198 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in shares of Deckers Outdoor by 59.8% in the 4th quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock worth $71,000 after buying an additional 131 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DECK. Stifel Nicolaus raised their price target on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, January 31st. UBS Group upped their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of 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. Finally, Truist Financial lowered their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $111.53 on Friday. Deckers Outdoor Co. has a 1 year low of $110.75 and a 1 year high of $223.98. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.68 and a beta of 1.10. The company has a 50-day moving average of $153.46 and a 200 day moving average of $168.63.

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

Insiders Place Their Bets

In other news, Director David Powers sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s 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 of the company’s stock, valued at $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

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.