Deckers Outdoor Co. (NYSE:DECK) Stock Position Increased by Ethic Inc.

Ethic Inc. lifted its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 637.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,211 shares of the textile maker's stock after purchasing an additional 19,201 shares during the quarter. Ethic Inc.'s holdings in Deckers Outdoor were worth $4,511,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DECK. Telsey Advisory Group restated an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Bank of America lifted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. UBS Group upped their target price on Deckers Outdoor from $150.00 to $158.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Guggenheim reaffirmed a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Barclays decreased their target price on Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating for the company in a report on Monday. Nine investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $162.16.

Deckers Outdoor Trading Down 1.8%

Shares of DECK stock traded down $2.36 during trading hours on Wednesday, hitting $127.01. The company's stock had a trading volume of 2,881,925 shares, compared to its average volume of 2,429,007. The business has a fifty day moving average of $113.93 and a 200-day moving average of $160.11. The stock has a market cap of $19.28 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98.

Insiders Place Their Bets

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 241,777 shares of the company's stock, 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 SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business'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 transaction, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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.