Caxton Associates LP Acquires 3,219 Shares of Deckers Outdoor Co. (NYSE:DECK)

Caxton Associates LP increased its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 169.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,117 shares of the textile maker's stock after acquiring an additional 3,219 shares during the quarter. Caxton Associates LP's holdings in Deckers Outdoor were worth $1,039,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in Deckers Outdoor in the 4th quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. lifted 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 worth $34,000 after acquiring an additional 120 shares during the period. Itau Unibanco Holding S.A. grew its holdings in shares of Deckers Outdoor by 352.1% during 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 increased its position in shares of Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock valued at $45,000 after purchasing an additional 198 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 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 the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following 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 Performance

Shares of NYSE:DECK opened at $118.34 on Tuesday. The company has a 50 day moving average price of $115.45 and a two-hundred day moving average price of $161.77. The company has a market capitalization of $17.96 billion, a PE ratio of 19.19, a PEG ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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%. On average, sell-side analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Deckers Outdoor from $210.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Bank of America upped their target price 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. Piper Sandler cut their price target on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Citigroup lowered their price objective on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Jefferies Financial Group boosted their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $174.55.

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.

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