Deckers Outdoor Co. (NYSE:DECK) Stock Position Raised by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 204.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 889,624 shares of the textile maker's stock after acquiring an additional 597,743 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.59% of Deckers Outdoor worth $180,674,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DECK. Principal Financial Group Inc. boosted its holdings in shares of Deckers Outdoor by 512.9% in the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker's stock valued at $63,371,000 after purchasing an additional 332,590 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Deckers Outdoor by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 12,362 shares of the textile maker's stock valued at $2,548,000 after purchasing an additional 596 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Deckers Outdoor by 825.0% in the 4th 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 last quarter. Finally, RMR Wealth Builders acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $383,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on DECK. Needham & Company LLC restated a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Wells Fargo & Company lifted their target price on shares of Deckers Outdoor from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Wednesday. Telsey Advisory Group restated an "outperform" rating and set a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial reduced their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, UBS Group lifted their target price on shares of Deckers Outdoor from $150.00 to $158.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $162.16.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business'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 owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction dated 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 completion of the sale, the director now directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. The trade was a 9.37% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Trading Down 1.8%

DECK stock traded down $2.36 during trading on Wednesday, reaching $127.01. The stock had a trading volume of 2,881,925 shares, compared to its average volume of 2,429,008. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The company has a market capitalization of $19.28 billion, a P/E ratio of 20.59, a PEG ratio of 1.68 and a beta of 1.11. The firm has a fifty day moving average price of $113.93 and a 200 day moving average price of $160.11.

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.