GF Fund Management CO. LTD. Purchases Shares of 40,223 Deckers Outdoor Co. (NYSE:DECK)

GF Fund Management CO. LTD. acquired a new stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 stock. Resonant Capital Advisors LLC raised its position in Deckers Outdoor by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock worth $489,000 after purchasing an additional 52 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after acquiring an additional 54 shares in the last quarter. Mather Group LLC. grew 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 worth $521,000 after acquiring an additional 64 shares during the last quarter. Prosperity Wealth Management Inc. increased its holdings 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 purchasing an additional 75 shares in the last quarter. Finally, WD Rutherford LLC grew its holdings in shares of Deckers Outdoor by 4.8% during the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock worth $352,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded up $7.74 during midday trading on Tuesday, reaching $108.79. 7,527,112 shares of the stock were exchanged, compared to its average volume of 2,536,872. The business has a 50-day simple moving average of $114.04 and a two-hundred day simple moving average of $157.10. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month 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 for the quarter, topping analysts' consensus estimates of $0.57 by $0.43. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. Equities research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DECK. Robert W. Baird reduced their price target on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday. Piper Sandler dropped their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Telsey Advisory Group cut shares of Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research note on Friday. Barclays reissued an "overweight" rating and set a $128.00 price target (down from $129.00) on shares of Deckers Outdoor in a research note on Thursday. Finally, UBS Group set a $169.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a research note on Friday. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $134.68.

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.