Clark Capital Management Group Inc. Acquires 244,492 Shares of Deckers Outdoor Co. (NYSE:DECK)

Clark Capital Management Group Inc. boosted its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 2,155.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 approximately 0.17% of Deckers Outdoor worth $51,958,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth $31,000. Whittier Trust Co. of Nevada Inc. grew its position in Deckers Outdoor by 250.0% in the fourth 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 in the last quarter. Itau Unibanco Holding S.A. increased its stake in Deckers Outdoor by 352.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after acquiring an additional 169 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its stake in Deckers Outdoor by 825.0% during the fourth 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 last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Wall Street Analyst Weigh In

DECK has been the subject of several research reports. Stifel Nicolaus cut their target price on 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 reaffirmed a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Barclays boosted their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Raymond James upgraded Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. Finally, Bank of America increased their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. 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's stock. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and an average price target of $167.55.

Insider Activity

In related 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 transaction of $3,471,000.00. Following the transaction, the director now 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 sale 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 that occurred 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 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 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.

Deckers Outdoor Price Performance

DECK stock traded down $4.44 on Friday, reaching $121.18. 2,249,144 shares of the company traded hands, compared to its average volume of 2,412,751. The firm has a fifty day simple moving average of $114.18 and a 200-day simple moving average of $160.79. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98. The company has a market cap of $18.39 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, sell-side analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

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.