Todd Asset Management LLC Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

Todd Asset Management LLC acquired a new stake in Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 153,398 shares of the textile maker’s stock, valued at approximately $31,154,000. Todd Asset Management LLC owned about 0.10% of Deckers Outdoor as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DECK. AMF Tjanstepension AB grew its stake in Deckers Outdoor by 495.7% in the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock valued at $151,924,000 after acquiring an additional 792,849 shares during the period. Blue Trust Inc. raised its holdings in Deckers Outdoor by 56.6% during the third quarter. Blue Trust Inc. now owns 736 shares of the textile maker’s stock worth $117,000 after acquiring an additional 266 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Deckers Outdoor by 540.6% during the third quarter. Sequoia Financial Advisors LLC now owns 2,985 shares of the textile maker’s stock worth $476,000 after buying an additional 2,519 shares during the last quarter. Private Advisor Group LLC increased its position in Deckers Outdoor by 627.0% during the third quarter. Private Advisor Group LLC now owns 5,525 shares of the textile maker’s stock worth $881,000 after buying an additional 4,765 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Deckers Outdoor during the third quarter worth approximately $24,865,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK opened at $139.98 on Tuesday. The company has a market capitalization of $21.25 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The business’s 50-day moving average is $192.49 and its 200-day moving average is $152.80.

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

Analyst Ratings Changes

Several research firms have weighed in on DECK. UBS Group upped their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Wells Fargo & Company decreased their target price on 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. Evercore ISI boosted their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, Barclays boosted their target price on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the transaction, the director now directly owns 10,222 shares in the company, valued at $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate 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.