First Trust Advisors LP Buys 6,040 Shares of Deckers Outdoor Co. (NYSE:DECK)

First Trust Advisors LP grew its stake in Deckers Outdoor Co. (NYSE:DECK – Get Rating) by 36.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,706 shares of the textile maker’s stock after acquiring an additional 6,040 shares during the period. First Trust Advisors LP’s holdings in Deckers Outdoor were worth $7,098,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DECK. HighTower Advisors LLC lifted its stake in Deckers Outdoor by 13.7% in the 1st quarter. HighTower Advisors LLC now owns 3,294 shares of the textile maker’s stock valued at $902,000 after purchasing an additional 398 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Deckers Outdoor by 7.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 15,156 shares of the textile maker’s stock valued at $4,272,000 after purchasing an additional 1,001 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in Deckers Outdoor in the 1st quarter valued at about $882,000. Sei Investments Co. lifted its stake in Deckers Outdoor by 53.1% in the 1st quarter. Sei Investments Co. now owns 35,845 shares of the textile maker’s stock valued at $9,811,000 after purchasing an additional 12,439 shares during the last quarter. Finally, Aviva PLC lifted its stake in Deckers Outdoor by 24.9% in the 1st quarter. Aviva PLC now owns 8,020 shares of the textile maker’s stock valued at $2,196,000 after purchasing an additional 1,597 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of Deckers Outdoor from $440.00 to $470.00 and gave the company an “overweight” rating in a research note on Thursday, January 5th. Wells Fargo & Company raised their price objective on shares of Deckers Outdoor from $360.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Friday, February 3rd. Robert W. Baird raised their price objective on shares of Deckers Outdoor from $425.00 to $455.00 in a research report on Tuesday, January 31st. Telsey Advisory Group restated an “outperform” rating and set a $485.00 price objective on shares of Deckers Outdoor in a research report on Wednesday, February 15th. Finally, Cowen raised their price objective on shares of Deckers Outdoor from $393.00 to $450.00 in a research report on Tuesday, November 29th. Three research analysts have rated the stock with a hold rating and ten have assigned 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 $447.77.

Insider Activity at Deckers Outdoor

In related news, CEO David Powers sold 35,957 shares of Deckers Outdoor stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $400.87, for a total value of $14,414,082.59. Following the transaction, the chief executive officer now directly owns 92,252 shares of the company’s stock, valued at $36,981,059.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Deckers Outdoor news, Director Lauri M. Shanahan sold 2,529 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $406.56, for a total transaction of $1,028,190.24. Following the sale, the director now owns 7,843 shares of the company’s stock, valued at $3,188,650.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Powers sold 35,957 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $400.87, for a total transaction of $14,414,082.59. Following the sale, the chief executive officer now directly owns 92,252 shares in the company, valued at approximately $36,981,059.24. The disclosure for this sale can be found here. Insiders have sold 40,486 shares of company stock valued at $16,242,273 over the last three months. 0.80% of the stock is owned by insiders.

Deckers Outdoor Trading Down 0.6 %

Shares of DECK opened at $409.73 on Tuesday. Deckers Outdoor Co. has a 12 month low of $212.93 and a 12 month high of $443.80. The firm’s 50 day moving average is $414.99 and its 200-day moving average is $375.75. The stock has a market capitalization of $10.80 billion, a PE ratio of 22.21, a P/E/G ratio of 1.23 and a beta of 0.92.

Deckers Outdoor (NYSE:DECK – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The textile maker reported $10.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.41 by $1.07. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Deckers Outdoor had a net margin of 13.83% and a return on equity of 31.38%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $8.42 earnings per share. Equities research analysts predict that Deckers Outdoor Co. will post 18.46 earnings per share for the current fiscal year.

Deckers Outdoor Company Profile

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Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.