Korea Investment CORP Raises Stake in Deckers Outdoor Co. (NYSE:DECK)

Korea Investment CORP boosted its holdings in Deckers Outdoor Co. (NYSE:DECK) by 34.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 157,960 shares of the textile maker’s stock after buying an additional 40,048 shares during the period. Korea Investment CORP’s holdings in Deckers Outdoor were worth $32,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DECK. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at $589,000. Florida Financial Advisors LLC increased its holdings in Deckers Outdoor by 24.1% in the 4th quarter. Florida Financial Advisors LLC now owns 3,040 shares of the textile maker’s stock valued at $617,000 after purchasing an additional 590 shares in the last quarter. Keystone Investors PTE Ltd. raised its position in Deckers Outdoor by 0.7% in the fourth quarter. Keystone Investors PTE Ltd. now owns 13,981 shares of the textile maker’s stock valued at $2,839,000 after purchasing an additional 99 shares during the period. Modern Wealth Management LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth about $516,000. Finally, Corebridge Financial Inc. boosted its position in shares of Deckers Outdoor by 12.4% in the fourth quarter. Corebridge Financial Inc. now owns 45,651 shares of the textile maker’s stock worth $9,271,000 after buying an additional 5,028 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

NYSE DECK opened at $111.53 on Friday. Deckers Outdoor Co. has a one year low of $110.75 and a one year high of $223.98. The company has a 50-day simple moving average of $153.46 and a 200-day simple moving average of $167.63. The firm has a market capitalization of $16.93 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating 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 analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

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 report on Friday, February 7th. Jefferies Financial Group boosted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Robert W. Baird boosted their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, UBS Group lifted their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating 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 stock. According to MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Insiders Place Their Bets

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

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.