Tairen Capital Ltd Boosts Holdings in Deckers Outdoor Co. (NYSE:DECK)

Tairen Capital Ltd boosted its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 250.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,000 shares of the textile maker's stock after acquiring an additional 20,000 shares during the period. Deckers Outdoor accounts for 0.8% of Tairen Capital Ltd's holdings, making the stock its 27th biggest position. Tairen Capital Ltd's holdings in Deckers Outdoor were worth $5,687,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DECK. Strategic Global Advisors LLC raised its holdings in shares of Deckers Outdoor by 4.0% in the fourth quarter. Strategic Global Advisors LLC now owns 22,864 shares of the textile maker's stock worth $4,643,000 after buying an additional 881 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Deckers Outdoor by 31.2% in the fourth quarter. Toronto Dominion Bank now owns 71,544 shares of the textile maker's stock worth $14,530,000 after buying an additional 17,002 shares during the last quarter. Scientech Research LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter worth $1,288,000. Snowden Capital Advisors LLC raised its holdings in shares of Deckers Outdoor by 11.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 7,416 shares of the textile maker's stock worth $1,506,000 after buying an additional 773 shares during the last quarter. Finally, Siemens Fonds Invest GmbH raised its holdings in shares of Deckers Outdoor by 258.6% during the fourth quarter. Siemens Fonds Invest GmbH now owns 5,874 shares of the textile maker's stock worth $1,121,000 after purchasing an additional 4,236 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Trading Up 0.7%

DECK opened at $127.82 on Friday. The firm has a market capitalization of $19.40 billion, a PE ratio of 20.72, a PEG 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. The firm's 50-day moving average price is $114.19 and its 200 day moving average price is $159.46.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. UBS Group raised their target price on shares of Deckers Outdoor from $150.00 to $158.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Friday. Finally, Piper Sandler cut their price objective on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $162.16.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now directly owns 10,388 shares in the company, valued at $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 available through the SEC website. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction dated 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 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 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.

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