Nomura Holdings Inc. Invests $1.22 Million in Deckers Outdoor Co. (NYSE:DECK)

Nomura Holdings Inc. acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,003 shares of the textile maker's stock, valued at approximately $1,219,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Deckers Outdoor by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock valued at $3,582,464,000 after purchasing an additional 229,807 shares during the last quarter. Geode Capital Management LLC increased its position in 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 acquiring an additional 45,035 shares during the last quarter. Norges Bank purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at $392,583,000. Northern Trust Corp lifted its holdings in shares of Deckers Outdoor by 13.9% in the 4th quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock worth $321,228,000 after acquiring an additional 192,469 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Deckers Outdoor by 6.4% during the 4th quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock valued at $265,262,000 after purchasing an additional 78,623 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Up 2.7%

Shares of NYSE DECK traded up $3.38 during trading hours on Thursday, hitting $126.74. 7,254,701 shares of the stock were exchanged, compared to its average volume of 2,464,392. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The firm has a fifty day moving average price of $114.65 and a 200-day moving average price of $158.78. The company has a market cap of $19.24 billion, a PE ratio of 20.55, a PEG ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued 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 $0.55 by $0.45. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, equities analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 owns 241,777 shares of the company's stock, valued at $33,568,318.68. The trade was 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 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 completion of the sale, the director now owns 10,388 shares in the company, valued at $1,396,978.24. The trade was a 2.81% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

DECK has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of Deckers Outdoor from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. TD Securities boosted their price objective on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday. Barclays reduced their target price on Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Truist Financial lowered their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Bank of America raised their price target 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. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $157.79.

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.