Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. boosted its holdings in Deckers Outdoor Co. (NYSE:DECK) by 352.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 217 shares of the textile maker’s stock after buying an additional 169 shares during the period. Itau Unibanco Holding S.A.’s holdings in Deckers Outdoor were worth $44,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DECK. Headlands Technologies LLC purchased a new stake in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after acquiring an additional 120 shares in the last quarter. Fortitude Family Office LLC increased its holdings in Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 198 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of Deckers Outdoor by 404.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker’s stock worth $51,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was 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 represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Up 5.3 %

Shares of NYSE:DECK opened at $117.01 on Friday. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The company has a market cap of $17.76 billion, a PE ratio of 18.97, a P/E/G ratio of 1.68 and a beta of 1.11. The company’s 50-day moving average price is $115.99 and its 200 day moving average price is $162.06.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Bank of America raised their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Piper Sandler reduced their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group raised their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Citigroup decreased their price objective on shares of Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, KeyCorp dropped their target price on Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $174.55.

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.