51,669 Shares in Deckers Outdoor Co. (NYSE:DECK) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new stake in Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 51,669 shares of the textile maker’s stock, valued at approximately $10,520,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after buying an additional 120 shares during the last quarter. Fortitude Family Office LLC grew its stake 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 worth $45,000 after acquiring an additional 198 shares during the period. Finally, Rakuten Securities Inc. increased its holdings in 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 acquiring an additional 131 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Trading Up 5.1 %

Shares of Deckers Outdoor stock opened at $106.04 on Monday. The firm has a market capitalization of $16.09 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The business’s 50-day moving average price is $142.96 and its 200-day moving average price is $169.85.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

DECK has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Bank of America raised their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Friday, February 7th. Evercore ISI raised their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Insiders Place Their Bets

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

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.