Titleist Asset Management LLC Buys Shares of 1,846 Deckers Outdoor Co. (NYSE:DECK)

Titleist Asset Management LLC purchased a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,846 shares of the textile maker’s stock, valued at approximately $375,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth $29,000. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. grew its stake in 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 worth $34,000 after purchasing an additional 120 shares in the last quarter. Fortitude Family Office LLC increased its holdings in 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 purchasing an additional 198 shares during the period. Finally, Rakuten Securities Inc. raised its position in Deckers Outdoor by 59.8% in the 4th quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock valued at $71,000 after purchasing an additional 131 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly 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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DECK shares. 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. Jefferies Financial Group upped their target price 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. Truist Financial cut their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. KeyCorp upped their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company cut their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Trading Up 5.1 %

Shares of NYSE DECK opened at $106.04 on Monday. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98. The business has a 50-day moving average price of $142.96 and a two-hundred day moving average price of $169.85. The firm has a market capitalization of $16.09 billion, a PE ratio of 17.19, a PEG ratio of 1.68 and a beta of 1.10.

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, topping 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%. Research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

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.