SRS Investment Management LLC Takes Position in Deckers Outdoor Co. (NYSE:DECK)

SRS Investment Management LLC purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 165,294 shares of the textile maker's stock, valued at approximately $33,570,000. Deckers Outdoor makes up 0.5% of SRS Investment Management LLC's holdings, making the stock its 16th largest holding. SRS Investment Management LLC owned about 0.11% of Deckers Outdoor as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Deckers Outdoor during the 4th quarter worth $392,583,000. JPMorgan Chase & Co. lifted its stake in shares of Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after acquiring an additional 1,170,855 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $185,451,000. Envestnet Asset Management Inc. lifted its stake in shares of Deckers Outdoor by 101.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock worth $203,850,000 after acquiring an additional 505,139 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Deckers Outdoor by 507.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock worth $120,436,000 after acquiring an additional 495,364 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on DECK. Stifel Nicolaus cut their price objective on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Bank of America lifted their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Barclays lifted their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and cut their price objective for the stock from $235.00 to $150.00 in a research note on Thursday, April 10th. Finally, Piper Sandler cut their price objective on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $187.89.

Deckers Outdoor Trading Down 1.4 %

Deckers Outdoor stock traded down $1.52 during trading on Friday, hitting $109.13. 2,006,045 shares of the company were exchanged, compared to its average volume of 2,378,040. The business's 50 day moving average is $119.43 and its 200 day moving average is $163.80. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98. The company has a market capitalization of $16.56 billion, a P/E ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Equities analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Powers sold 25,000 shares of the company's stock in a transaction on 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 completion of the transaction, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Company 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.