Canada Pension Plan Investment Board Purchases 24,600 Shares of Deckers Outdoor Co. (NYSE:DECK)

Canada Pension Plan Investment Board increased its holdings in Deckers Outdoor Co. (NYSE:DECKFree Report) by 253.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,300 shares of the textile maker’s stock after purchasing an additional 24,600 shares during the quarter. Canada Pension Plan Investment Board owned 0.13% of Deckers Outdoor worth $17,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Steward Financial Group LLC bought a new position in shares of Deckers Outdoor in the second quarter worth approximately $25,000. West Oak Capital LLC grew its holdings in Deckers Outdoor by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 100 shares of the textile maker’s stock worth $51,000 after acquiring an additional 50 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Deckers Outdoor by 81.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 131 shares of the textile maker’s stock valued at $69,000 after acquiring an additional 59 shares during the period. Pinpoint Asset Management Ltd bought a new position in shares of Deckers Outdoor during the first quarter valued at about $67,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Deckers Outdoor during the second quarter worth about $88,000. 95.69% of the stock is owned by institutional investors.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Caroti Stefano sold 14,725 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $687.46, for a total transaction of $10,122,848.50. Following the transaction, the insider now owns 49,036 shares of the company’s stock, valued at $33,710,288.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO David Powers sold 17,978 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total value of $12,881,596.56. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $70,375,161.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Caroti Stefano sold 14,725 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $687.46, for a total value of $10,122,848.50. Following the completion of the transaction, the insider now owns 49,036 shares of the company’s stock, valued at $33,710,288.56. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of a number of research analyst reports. UBS Group raised their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $650.00 to $750.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Truist Financial raised their price objective on shares of Deckers Outdoor from $859.00 to $983.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. TD Cowen upped their target price on Deckers Outdoor from $689.00 to $705.00 and gave the stock an “outperform” rating in a report on Tuesday, November 28th. Finally, KeyCorp began coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 target price for the company. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $846.77.

View Our Latest Analysis on Deckers Outdoor

Deckers Outdoor Trading Up 1.5 %

NYSE:DECK opened at $845.22 on Monday. The company has a market cap of $21.70 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The company has a 50 day simple moving average of $726.69 and a two-hundred day simple moving average of $614.88. Deckers Outdoor Co. has a 12 month low of $395.90 and a 12 month high of $903.70.

Deckers Outdoor (NYSE:DECKGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm earned $10.48 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts forecast that Deckers Outdoor Co. will post 26.9 earnings per share for the current year.

Deckers Outdoor Profile

(Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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