Marshall Wace LLP Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Marshall Wace LLP acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 64,404 shares of the textile maker’s stock, valued at approximately $13,080,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $392,583,000. JPMorgan Chase & Co. grew its position in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after acquiring an additional 1,170,855 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Deckers Outdoor in the 4th quarter worth about $185,451,000. Envestnet Asset Management Inc. raised its position in Deckers Outdoor by 101.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker’s stock valued at $203,850,000 after purchasing an additional 505,139 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Deckers Outdoor by 507.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker’s stock valued at $120,436,000 after purchasing an additional 495,364 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company’s 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 transaction, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Stock Up 2.6 %

NYSE:DECK opened at $105.66 on Monday. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The company has a fifty day moving average of $124.26 and a 200-day moving average of $165.68. The firm has a market capitalization of $16.04 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.68 and a beta of 1.07.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. KeyCorp raised their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Barclays increased their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Stifel Nicolaus cut their target price on Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company decreased their price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $187.89.

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