Clark Capital Management Group Inc. Increases Stake in Deckers Outdoor Co. (NYSE:DECK)

Clark Capital Management Group Inc. boosted its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 2,155.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,837 shares of the textile maker's stock after purchasing an additional 244,492 shares during the quarter. Clark Capital Management Group Inc. owned about 0.17% of Deckers Outdoor worth $51,958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC boosted its position in shares of Deckers Outdoor by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock valued at $489,000 after acquiring an additional 52 shares during the period. Bleakley Financial Group LLC grew its position in shares of Deckers Outdoor by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after purchasing an additional 54 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Deckers Outdoor by 2.6% during the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock worth $521,000 after purchasing an additional 64 shares during the period. Prosperity Wealth Management Inc. boosted its stake in shares of Deckers Outdoor by 2.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock valued at $564,000 after buying an additional 75 shares during the period. Finally, WD Rutherford LLC increased its stake in Deckers Outdoor by 4.8% during the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock worth $352,000 after acquiring an additional 79 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company'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 completion of the sale, the director now directly owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. This represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on 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 transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

DECK has been the subject of several analyst reports. Piper Sandler dropped their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company decreased their target price on Deckers Outdoor from $210.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. KeyCorp dropped their target price on shares of Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. Citigroup lowered their price objective on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Deckers Outdoor has an average rating of "Moderate Buy" and an average price target of $161.89.

Deckers Outdoor Trading Up 2.8%

NYSE DECK traded up $3.59 during mid-day trading on Tuesday, hitting $129.67. The company's stock had a trading volume of 1,864,420 shares, compared to its average volume of 2,419,524. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The company's 50 day simple moving average is $113.98 and its 200 day simple moving average is $160.56. The firm has a market capitalization of $19.68 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.68 and a beta of 1.11.

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.