GF Fund Management CO. LTD. Invests $8.17 Million in Deckers Outdoor Co. (NYSE:DECK)

GF Fund Management CO. LTD. purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 40,223 shares of the textile maker's stock, valued at approximately $8,169,000.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Deckers Outdoor by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock worth $3,582,464,000 after purchasing an additional 229,807 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Deckers Outdoor by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock valued at $831,723,000 after buying an additional 45,035 shares during the last quarter. Norges Bank purchased a new stake in shares of Deckers Outdoor during the fourth quarter valued at $392,583,000. Northern Trust Corp grew its holdings in shares of Deckers Outdoor by 13.9% during the fourth quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock valued at $321,228,000 after buying an additional 192,469 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Deckers Outdoor by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker's stock worth $289,027,000 after acquiring an additional 145,794 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 business's 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 transaction, the director now owns 10,388 shares in the company, 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 SEC, which is accessible through the SEC website. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 241,777 shares in the company, 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. Insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded down $4.85 during mid-day trading on Wednesday, hitting $104.11. The company had a trading volume of 4,949,751 shares, compared to its average volume of 2,546,487. The company has a market capitalization of $15.80 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The business's 50-day simple moving average is $114.04 and its 200 day simple moving average is $157.10. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.43. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Deckers Outdoor's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. On average, analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Deckers Outdoor announced that its board has initiated a share repurchase plan on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DECK shares. Truist Financial decreased their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Bank of America reduced their price target on shares of Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Raymond James restated a "strong-buy" rating on shares of Deckers Outdoor in a research report on Friday, May 23rd. Telsey Advisory Group downgraded shares of Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research report on Friday, May 23rd. Finally, Evercore ISI restated an "in-line" rating and set a $110.00 price target (down previously from $235.00) on shares of Deckers Outdoor in a research report on Friday, May 23rd. Thirteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.68.

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.