FORA Capital LLC Takes $3.06 Million Position in Deckers Outdoor Co. (NYSE:DECK)

FORA Capital LLC bought a new position in Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,042 shares of the textile maker's stock, valued at approximately $3,055,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Resonant Capital Advisors LLC grew its position in shares of Deckers Outdoor by 2.2% during 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 grew its position in shares of Deckers Outdoor by 3.9% during the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after purchasing an additional 54 shares in the last quarter. Mather Group LLC. grew its position in shares of Deckers Outdoor by 2.6% during the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock worth $521,000 after purchasing an additional 64 shares in the last quarter. Prosperity Wealth Management Inc. grew its position in shares of Deckers Outdoor by 2.8% during the fourth quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock worth $564,000 after purchasing an additional 75 shares in the last quarter. Finally, WD Rutherford LLC grew its position 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 in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Up 4.1%

Shares of NYSE:DECK traded up $4.93 on Monday, reaching $126.00. The company had a trading volume of 4,587,386 shares, compared to its average volume of 2,421,452. Deckers Outdoor Co. has a 52-week low of $93.72 and a 52-week high of $223.98. The firm's 50 day simple moving average is $114.18 and its 200-day simple moving average is $160.85. The firm has a market capitalization of $19.12 billion, a PE ratio of 20.43, a PEG ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Jefferies Financial Group raised their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Telsey Advisory Group restated an "outperform" rating and set a $240.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Raymond James upgraded Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and dropped their target price for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. Finally, Stifel Nicolaus dropped their target price on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Nine equities research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $161.89.

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 stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, 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 Securities & Exchange Commission, which can be accessed 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 value of $3,471,000.00. Following the sale, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

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.