Scientech Research LLC Buys Shares of 6,342 Deckers Outdoor Co. (NYSE:DECK)

Scientech Research LLC bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,342 shares of the textile maker's stock, valued at approximately $1,288,000.

A number of other hedge funds also recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after buying an additional 120 shares in the last quarter. Itau Unibanco Holding S.A. raised its position in shares of Deckers Outdoor by 352.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after buying an additional 169 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in shares of Deckers Outdoor by 404.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock valued at $51,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DECK shares. Jefferies Financial Group boosted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. Stifel Nicolaus dropped their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Bank of America increased their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Deckers Outdoor from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $162.84.

Insiders Place Their Bets

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 completion of the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 completion of the transaction, the director now owns 10,388 shares of the company's stock, 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. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Up 1.3%

NYSE:DECK traded up $1.71 during trading hours on Tuesday, reaching $129.12. The company had a trading volume of 3,403,770 shares, compared to its average volume of 2,437,817. The firm has a market cap of $19.60 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 1.68 and a beta of 1.11. The business's 50-day simple moving average is $114.55 and its two-hundred day simple moving average is $159.03. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98.

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