JT Stratford LLC Purchases Shares of 8,539 Deckers Outdoor Co. (NYSE:DECK)

JT Stratford LLC purchased a new stake in Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, Holdings Channel.com reports. The fund purchased 8,539 shares of the textile maker’s stock, valued at approximately $1,734,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Deckers Outdoor by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock valued at $3,582,464,000 after acquiring an additional 229,807 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Deckers Outdoor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker’s stock worth $831,723,000 after buying an additional 45,035 shares during the last quarter. Norges Bank acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth $392,583,000. Northern Trust Corp increased its holdings in shares of Deckers Outdoor by 13.9% during the 4th quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker’s stock worth $321,228,000 after buying an additional 192,469 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Deckers Outdoor by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker’s stock worth $289,027,000 after buying an additional 145,794 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David Powers sold 25,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction 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 trade represents a 2.81% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on DECK shares. UBS Group upped their price objective on Deckers Outdoor from $150.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Truist Financial dropped their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Stifel Nicolaus decreased their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. KeyCorp decreased their price target on shares of Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, April 29th. Finally, Barclays decreased their price target on shares of Deckers Outdoor from $231.00 to $129.00 and set an “overweight” rating for the company in a research report on Monday, May 12th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.79.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $123.50 on Thursday. The firm has a market cap of $18.74 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The firm’s 50-day simple moving average is $114.65 and its 200-day simple moving average is $158.78. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98.

Deckers Outdoor 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.