Harvest Fund Management Co. Ltd Buys 19,404 Shares of Deckers Outdoor Co. (NYSE:DECK)

Harvest Fund Management Co. Ltd lifted its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 561.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 22,859 shares of the textile maker’s stock after acquiring an additional 19,404 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Deckers Outdoor were worth $4,645,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DECK. FMR LLC lifted its holdings in shares of Deckers Outdoor by 499.2% during the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after acquiring an additional 19,053,113 shares during the last quarter. State Street Corp lifted its stake in Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC lifted its stake in Deckers Outdoor by 509.1% in the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after purchasing an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after purchasing an additional 1,074,263 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DECK. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Truist Financial lowered their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Friday, February 7th. KeyCorp boosted their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Insiders Place Their Bets

In other Deckers Outdoor 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 value of $40,344.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $115.23 on Wednesday. Deckers Outdoor Co. has a 1 year low of $115.00 and a 1 year high of $223.98. The company’s 50-day moving average is $167.64 and its 200 day moving average is $164.38. The stock has a market capitalization of $17.49 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current 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.