Deckers Outdoor Co. (NYSE:DECK) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 16.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,956 shares of the textile maker’s stock after buying an additional 280 shares during the quarter. Mackenzie Financial Corp’s holdings in Deckers Outdoor were worth $1,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DECK. Anchor Investment Management LLC acquired a new position in Deckers Outdoor in the 4th quarter valued at about $33,000. FSC Wealth Advisors LLC acquired a new position in Deckers Outdoor in the 4th quarter valued at about $39,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Deckers Outdoor by 170.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 51 shares during the last quarter. Janiczek Wealth Management LLC raised its stake in Deckers Outdoor by 20.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after purchasing an additional 16 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Deckers Outdoor in the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DECK shares. Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. UBS Group upped their price objective on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Truist Financial reaffirmed a “hold” rating and set a $864.00 price objective (down previously from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Stifel Nicolaus upped their price objective on shares of Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $930.00 price objective on shares of Deckers Outdoor in a research note on Thursday, February 15th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $890.93.

Deckers Outdoor Stock Performance

DECK opened at $851.90 on Thursday. The firm has a 50 day moving average price of $884.14 and a 200 day moving average price of $743.84. The company has a market cap of $21.87 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. Deckers Outdoor’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.48 EPS. On average, sell-side analysts predict that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $80,942,435.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO David Powers sold 5,993 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Angela Ogbechie sold 313 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the transaction, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The disclosure for this sale can be found here. Insiders sold a total of 30,464 shares of company stock worth $26,229,683 in the last 90 days. 0.70% of the stock is owned by company insiders.

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