Harvest Fund Management Co. Ltd Acquires Shares of 251 Deckers Outdoor Co. (NYSE:DECK)

Harvest Fund Management Co. Ltd acquired a new stake in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 251 shares of the textile maker’s stock, valued at approximately $168,000.

Several other hedge funds also recently added to or reduced their stakes in DECK. GAMMA Investing LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth about $127,000. Marks Group Wealth Management Inc acquired a new position in shares of Deckers Outdoor in the fourth quarter worth about $6,185,000. Illinois Municipal Retirement Fund lifted its stake in shares of Deckers Outdoor by 4.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 12,273 shares of the textile maker’s stock worth $8,204,000 after acquiring an additional 575 shares in the last quarter. Monument Capital Management acquired a new position in shares of Deckers Outdoor in the fourth quarter worth about $1,450,000. Finally, Duality Advisers LP lifted its stake in shares of Deckers Outdoor by 50.7% in the fourth quarter. Duality Advisers LP now owns 1,429 shares of the textile maker’s stock worth $955,000 after acquiring an additional 481 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on DECK. UBS Group boosted 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. Piper Sandler boosted their price objective on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Wells Fargo & Company boosted their price objective on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Stifel Nicolaus boosted their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Finally, Bank of America lowered Deckers Outdoor from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $875.00 to $860.00 in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus price target of $889.00.

Deckers Outdoor Trading Down 4.8 %

NYSE:DECK opened at $810.52 on Thursday. The stock has a 50 day moving average of $884.14 and a 200-day moving average of $743.84. The firm has a market capitalization of $20.81 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. Deckers Outdoor Co. has a 52 week low of $424.36 and a 52 week high of $956.17.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.40 by $3.71. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $10.48 earnings per share. As a group, analysts predict that Deckers Outdoor Co. will post 26.87 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $862.53, for a total transaction of $5,169,142.29. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $84,715,971.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $862.53, for a total value of $5,169,142.29. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $84,715,971.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,464 shares of company stock worth $26,229,683. Company insiders own 0.70% of the company’s stock.

About Deckers Outdoor

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.