Russell Investments Group Ltd. Has $24.51 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Russell Investments Group Ltd. boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,653 shares of the textile maker’s stock after buying an additional 934 shares during the period. Russell Investments Group Ltd. owned approximately 0.14% of Deckers Outdoor worth $24,509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DECK. Anchor Investment Management LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $33,000. FSC Wealth Advisors LLC bought a new stake in Deckers Outdoor in the fourth quarter worth approximately $39,000. Ritter Daniher Financial Advisory LLC DE grew its position in Deckers Outdoor by 170.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after acquiring an additional 51 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in shares of Deckers Outdoor by 20.8% during 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 in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Deckers Outdoor during the 4th quarter valued at $80,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DECK. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $930.00 price target on shares of Deckers Outdoor in a research report on Thursday, February 15th. Wells Fargo & Company increased their price target 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. Piper Sandler increased their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. TD Cowen increased their price target on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, UBS Group lifted their price objective on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $889.00.

Insider Buying and Selling

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the firm’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 directly owns 98,218 shares in the company, valued at $80,942,435.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the sale, the chief executive officer now owns 98,218 shares in the company, valued at $80,942,435.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lauri M. Shanahan sold 3,672 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the completion of the sale, the director now directly owns 4,515 shares in the company, valued at $3,757,473.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,464 shares of company stock worth $26,229,683. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor Stock Up 0.1 %

NYSE DECK opened at $819.48 on Thursday. Deckers Outdoor Co. has a 12-month low of $424.36 and a 12-month high of $956.17. The firm’s 50 day moving average is $879.96 and its 200-day moving average is $755.06. The company has a market capitalization of $21.04 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, topping the consensus estimate of $11.40 by $3.71. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $10.48 EPS. As a group, sell-side analysts expect that Deckers Outdoor Co. will post 26.89 EPS for the current year.

Deckers Outdoor 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.