Dimensional Fund Advisors LP Boosts Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Dimensional Fund Advisors LP grew its holdings in Deckers Outdoor Co. (NYSE:DECK – Get Rating) by 0.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 299,535 shares of the textile maker’s stock after acquiring an additional 874 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Deckers Outdoor were worth $119,561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in shares of Deckers Outdoor by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 7,099 shares of the textile maker’s stock worth $2,834,000 after purchasing an additional 28 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Deckers Outdoor by 28.3% during the fourth quarter. Parallel Advisors LLC now owns 136 shares of the textile maker’s stock worth $54,000 after purchasing an additional 30 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Deckers Outdoor by 7.3% during the third quarter. SRS Capital Advisors Inc. now owns 469 shares of the textile maker’s stock worth $147,000 after purchasing an additional 32 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Deckers Outdoor by 0.8% during the third quarter. Guggenheim Capital LLC now owns 4,348 shares of the textile maker’s stock worth $1,360,000 after buying an additional 34 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Deckers Outdoor by 1.3% during the third quarter. IFP Advisors Inc now owns 2,959 shares of the textile maker’s stock worth $350,000 after buying an additional 39 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO David Powers sold 35,957 shares of the company’s stock in a transaction dated 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 owns 92,252 shares in the company, valued at approximately $36,981,059.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Lauri M. Shanahan sold 2,529 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $406.56, for a total value of $1,028,190.24. Following the transaction, the director now owns 7,843 shares in the company, valued at approximately $3,188,650.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Powers sold 35,957 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 92,252 shares in the company, valued at approximately $36,981,059.24. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DECK shares. Wells Fargo & Company boosted their price objective on Deckers Outdoor from $360.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Friday, February 3rd. Piper Sandler boosted their price objective on Deckers Outdoor from $485.00 to $535.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 4th. StockNews.com started coverage on Deckers Outdoor in a research note on Thursday. They set a “hold” rating on the stock. Stifel Nicolaus boosted their price objective on Deckers Outdoor from $485.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Finally, Cowen upped their price target on Deckers Outdoor from $476.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $466.54.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $454.79 on Friday. The stock’s 50-day moving average is $461.68 and its two-hundred day moving average is $418.22. Deckers Outdoor Co. has a 1-year low of $233.04 and a 1-year high of $503.48. The company has a market cap of $11.99 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92.

Deckers Outdoor 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.