Tairen Capital Ltd Grows Holdings in Deckers Outdoor Co. (NYSE:DECK)

Tairen Capital Ltd grew its stake in Deckers Outdoor Co. (NYSE:DECK) by 250.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,000 shares of the textile maker’s stock after acquiring an additional 20,000 shares during the period. Deckers Outdoor comprises 0.8% of Tairen Capital Ltd’s investment portfolio, making the stock its 27th biggest holding. Tairen Capital Ltd’s holdings in Deckers Outdoor were worth $5,687,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DECK. JPMorgan Chase & Co. raised its stake in shares of Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the period. Ritholtz Wealth Management raised its stake in shares of Deckers Outdoor by 10.2% in the 4th quarter. Ritholtz Wealth Management now owns 2,928 shares of the textile maker’s stock valued at $595,000 after acquiring an additional 270 shares during the period. Empirical Asset Management LLC raised its stake in shares of Deckers Outdoor by 127.1% in the 4th quarter. Empirical Asset Management LLC now owns 11,475 shares of the textile maker’s stock valued at $2,330,000 after acquiring an additional 6,423 shares during the period. Avanza Fonder AB purchased a new stake in Deckers Outdoor during the 4th quarter worth approximately $3,079,000. Finally, Merit Financial Group LLC purchased a new stake in Deckers Outdoor during the 4th quarter worth approximately $281,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DECK shares. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Bank of America upped their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Stifel Nicolaus cut their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. KeyCorp cut their target price on shares of Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 29th. Finally, UBS Group upped their target price on shares of Deckers Outdoor from $150.00 to $158.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. 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 company. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $162.16.

Deckers Outdoor Stock Up 0.7%

NYSE DECK opened at $127.82 on Friday. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98. The stock has a market capitalization of $19.40 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The firm has a 50 day moving average of $114.19 and a two-hundred day moving average of $159.46.

Insider Activity

In other 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 value of $40,344.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor 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.