Deckers Outdoor Co. (NYSE:DECK) Shares Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. lifted its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 59.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 350 shares of the textile maker’s stock after purchasing an additional 131 shares during the quarter. Rakuten Securities Inc.’s holdings in Deckers Outdoor were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc increased its position in Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares during the period. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new stake in Deckers Outdoor in the 3rd quarter valued at approximately $36,000. Avior Wealth Management LLC increased its position in Deckers Outdoor by 2,966.7% in the 3rd quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 267 shares during the period. Finally, Fortitude Family Office LLC increased its position 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 acquiring an additional 198 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was 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 $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated 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 $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

DECK has been the topic of several analyst reports. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Friday, February 7th. Evercore ISI lifted their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. UBS Group lifted their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Bank of America lifted their price target on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Barclays lifted their price target on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Stock Up 1.0 %

Shares of Deckers Outdoor stock opened at $121.71 on Thursday. The stock has a market cap of $18.47 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The business has a fifty day simple moving average of $174.78 and a 200-day simple moving average of $160.88. Deckers Outdoor Co. has a 12 month low of $119.30 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 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%. Analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal 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.