Counterpoint Mutual Funds LLC Invests $270,000 in Deckers Outdoor Co. (NYSE:DECK)

Counterpoint Mutual Funds LLC purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,329 shares of the textile maker’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $31,000. Bell Investment Advisors Inc grew its holdings in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after buying an additional 198 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Deckers Outdoor during the third quarter worth about $36,000. Finally, Avior Wealth Management LLC grew its holdings in Deckers Outdoor by 2,966.7% in the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 267 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Powers sold 25,000 shares of the stock in a transaction dated 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 $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DECK shares. Robert W. Baird boosted their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Bank of America boosted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial lowered their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Barclays boosted their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Price Performance

DECK opened at $115.23 on Wednesday. The stock has a market capitalization of $17.49 billion, a PE ratio of 18.68, a P/E/G ratio of 1.68 and a beta of 1.10. The firm’s fifty day moving average price is $167.64 and its 200 day moving average price is $164.38. Deckers Outdoor Co. has a 12-month low of $115.00 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 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%. On average, equities research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

About 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.