Mirae Asset Global Investments Co. Ltd. lifted its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,777 shares of the textile maker's stock after buying an additional 3,152 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Deckers Outdoor were worth $3,469,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Deckers Outdoor by 929.0% in the third 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 in the last quarter. City Center Advisors LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at about $575,000. B. Riley Wealth Advisors Inc. grew its position in shares of Deckers Outdoor by 506.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker's stock worth $1,060,000 after buying an additional 5,574 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker's stock worth $63,371,000 after acquiring an additional 332,590 shares during the last quarter. Finally, Cadent Capital Advisors LLC increased its position in shares of Deckers Outdoor by 116.8% in the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker's stock valued at $1,316,000 after purchasing an additional 3,491 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.
DECK stock opened at $168.18 on Friday. The stock's 50 day moving average price is $203.55 and its 200 day moving average price is $141.18. The firm has a market cap of $25.52 billion, a P/E ratio of 27.26, a PEG ratio of 1.93 and a beta of 1.07. Deckers Outdoor Co. has a 1 year low of $131.39 and a 1 year high of $223.98.
Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 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%. On average, research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.
In other news, CEO Caroti Stefano sold 14,274 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the transaction, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. The trade was a 22.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,956 shares of company stock worth $10,387,731. 0.40% of the stock is owned by insiders.
DECK has been the topic of several research analyst reports. Evercore ISI raised their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a report on Thursday, October 17th. Wells Fargo & Company reduced their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Finally, BTIG Research cut Deckers Outdoor from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.41.
View Our Latest Report on 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.
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