10,350 Shares in Deckers Outdoor Co. (NYSE:DECK) Acquired by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC purchased a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 10,350 shares of the textile maker’s stock, valued at approximately $2,101,000.

Other large investors also recently modified their holdings of the company. Arete Wealth Advisors LLC boosted its stake in Deckers Outdoor by 2.8% during the fourth quarter. Arete Wealth Advisors LLC now owns 3,654 shares of the textile maker’s stock valued at $747,000 after buying an additional 98 shares during the period. Huntington National Bank boosted its position in shares of Deckers Outdoor by 63.7% during the 4th quarter. Huntington National Bank now owns 1,174 shares of the textile maker’s stock valued at $238,000 after acquiring an additional 457 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Deckers Outdoor during the fourth quarter worth about $19,791,000. Headlands Technologies LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $29,000. Finally, Geode Capital Management LLC raised its stake in Deckers Outdoor by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker’s stock valued at $831,723,000 after purchasing an additional 45,035 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DECK shares. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Robert W. Baird lifted their price target on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Friday, February 7th. Truist Financial dropped their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Evercore ISI boosted their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Trading Up 5.1 %

Deckers Outdoor stock opened at $106.04 on Friday. The firm has a market cap of $16.09 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The firm has a 50-day moving average of $142.96 and a 200-day moving average of $169.66.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data 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%. Research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share 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.