Shell Asset Management Co. Buys 1,288 Shares of Deckers Outdoor Co. (NYSE:DECK)

Shell Asset Management Co. grew its position in Deckers Outdoor Co. (NYSE:DECKFree Report) by 59.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,461 shares of the textile maker’s stock after acquiring an additional 1,288 shares during the period. Shell Asset Management Co.’s holdings in Deckers Outdoor were worth $1,779,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DECK. First Trust Direct Indexing L.P. raised its position in shares of Deckers Outdoor by 12.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 458 shares of the textile maker’s stock valued at $235,000 after acquiring an additional 51 shares during the last quarter. LPL Financial LLC boosted its stake in Deckers Outdoor by 6.8% in the 2nd quarter. LPL Financial LLC now owns 18,404 shares of the textile maker’s stock worth $9,711,000 after purchasing an additional 1,169 shares during the period. Portside Wealth Group LLC acquired a new position in Deckers Outdoor in the 2nd quarter worth $508,000. Northstar Group Inc. acquired a new position in shares of Deckers Outdoor during the 2nd quarter worth about $201,000. Finally, KBC Group NV acquired a new position in shares of Deckers Outdoor during the 2nd quarter worth about $709,000. Institutional investors own 95.69% of the company’s stock.

Analysts Set New Price Targets

DECK has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. TD Cowen increased their price target on shares of Deckers Outdoor from $689.00 to $705.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 28th. KeyCorp started coverage on shares of Deckers Outdoor in a research report on Wednesday. They issued an “overweight” rating and a $960.00 target price on the stock. Citigroup lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and raised their target price for the company from $665.00 to $710.00 in a research report on Friday, December 8th. Finally, BTIG Research raised their price target on shares of Deckers Outdoor from $650.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $846.77.

Read Our Latest Stock Report on DECK

Insiders Place Their Bets

In other news, CEO David Powers sold 17,978 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total value of $12,881,596.56. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $70,375,161.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO David Powers sold 17,978 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $70,375,161.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Caroti Stefano sold 14,725 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $687.46, for a total transaction of $10,122,848.50. Following the transaction, the insider now directly owns 49,036 shares in the company, valued at approximately $33,710,288.56. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor Trading Down 0.1 %

Shares of DECK stock opened at $832.41 on Friday. The stock has a market capitalization of $21.37 billion, a P/E ratio of 29.94, a PEG ratio of 1.63 and a beta of 0.99. The firm’s 50 day moving average is $723.48 and its 200 day moving average is $612.02. Deckers Outdoor Co. has a 12 month low of $395.90 and a 12 month high of $903.70.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company posted $10.48 EPS. Deckers Outdoor’s revenue was up 16.0% compared to the same quarter last year. On average, equities analysts predict that Deckers Outdoor Co. will post 26.9 EPS for the current year.

About Deckers Outdoor

(Free Report)

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.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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