Eisler Capital Management Ltd. Buys New Stake in Deckers Outdoor Co. (NYSE:DECK)

Eisler Capital Management Ltd. bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 15,049 shares of the textile maker's stock, valued at approximately $3,075,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in shares of Deckers Outdoor by 512.9% during the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker's stock valued at $63,371,000 after buying an additional 332,590 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after purchasing an additional 1,170,855 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Deckers Outdoor by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 12,362 shares of the textile maker's stock valued at $2,548,000 after buying an additional 596 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of Deckers Outdoor by 1.6% during the 4th quarter. Fulton Bank N.A. now owns 10,139 shares of the textile maker's stock valued at $2,059,000 after buying an additional 161 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its position in shares of Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock valued at $45,000 after buying an additional 198 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company's 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 sale, the director now owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Powers sold 25,000 shares of the company's stock in a transaction on Friday, February 28th. The stock was 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 position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Trading Down 3.5%

DECK stock traded down $4.44 during trading on Friday, reaching $121.18. 2,249,144 shares of the stock were exchanged, compared to its average volume of 2,412,751. The business has a 50 day moving average price of $114.18 and a 200-day moving average price of $160.85. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98. The firm has a market capitalization 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 posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

DECK has been the topic of a number of research reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Barclays raised their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Bank of America raised their price target 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 decreased their price target on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Raymond James raised shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and decreased their price target for the company from $235.00 to $150.00 in a research note on Thursday, April 10th. Nine 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $167.55.

Deckers Outdoor Company 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.