Algert Global LLC Grows Holdings in Deckers Outdoor Co. (NYSE:DECK)

Algert Global LLC grew its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 372.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,130 shares of the textile maker's stock after buying an additional 11,142 shares during the quarter. Algert Global LLC's holdings in Deckers Outdoor were worth $2,870,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Deckers Outdoor in the 4th quarter worth $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. raised its stake in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after purchasing an additional 120 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in Deckers Outdoor by 352.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock worth $44,000 after purchasing an additional 169 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock worth $45,000 after purchasing an additional 198 shares during the period. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

NYSE DECK traded down $4.44 during 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 business's fifty day moving average price is $114.18 and its 200-day moving average price is $160.79. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results 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 net margin of 19.14% and a return on equity of 41.71%. As a group, sell-side analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group boosted their target price on Deckers Outdoor from $150.00 to $158.00 and gave the stock a "buy" rating in a research report on Wednesday. Piper Sandler lowered their target price on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Raymond James upgraded shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and reduced their price target for the stock from $235.00 to $150.00 in a research report on Thursday, April 10th. Wells Fargo & Company dropped their price objective on shares of Deckers Outdoor from $210.00 to $115.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, KeyCorp decreased their target price on shares of Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Nine 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 company. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.55.

Insider Transactions at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This 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 through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on 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 approximately $1,396,978.24. This trade represents 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.

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.