2,350 Shares in Deckers Outdoor Co. (NYSE:DECK) Purchased by Ewing Morris & Co. Investment Partners Ltd.

Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,350 shares of the textile maker's stock, valued at approximately $477,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DECK. Norges Bank bought a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $392,583,000. JPMorgan Chase & Co. increased its stake in Deckers Outdoor by 929.0% during the 3rd 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. bought a new position in Deckers Outdoor during the 4th quarter worth $185,451,000. Envestnet Asset Management Inc. increased its stake in shares of Deckers Outdoor by 101.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock valued at $203,850,000 after purchasing an additional 505,139 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Deckers Outdoor by 507.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock valued at $120,436,000 after purchasing an additional 495,364 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Insiders Place Their Bets

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now owns 10,388 shares in the company, valued at $1,396,978.24. The trade was 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.

Wall Street Analysts Forecast Growth

DECK has been the topic of several recent research reports. UBS Group raised their price objective on Deckers Outdoor from $150.00 to $158.00 and gave the company a "buy" rating in a report on Wednesday. Guggenheim reaffirmed a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Jefferies Financial Group boosted their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. Truist Financial dropped their price objective on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Citigroup decreased their target price on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and an average target price of $167.55.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded down $4.44 during midday trading on Friday, reaching $121.18. The company's stock had a trading volume of 2,249,144 shares, compared to its average volume of 2,412,751. The firm has a 50 day moving average price of $114.18 and a 200-day moving average price of $160.85. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The stock has a market capitalization of $18.39 billion, a P/E ratio of 19.65, a PEG ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating 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%. On average, equities analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

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.