Marshall Wace LLP Purchases New Holdings in Deckers Outdoor Co. (NYSE:DECK)

Marshall Wace LLP bought a new position in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 64,404 shares of the textile maker's stock, valued at approximately $13,080,000.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $29,000. Global Trust Asset Management LLC bought a new position in Deckers Outdoor during the fourth quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after buying an additional 120 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock worth $45,000 after buying an additional 198 shares during the period. Finally, Aster Capital Management DIFC Ltd boosted its stake in Deckers Outdoor by 404.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock valued at $51,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

DECK traded down $1.52 during midday trading on Friday, reaching $109.13. 2,006,045 shares of the company were exchanged, compared to its average volume of 2,374,980. The stock has a market capitalization of $16.56 billion, a P/E ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.07. The stock's 50-day simple moving average is $119.43 and its 200 day simple moving average is $163.73. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data 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 net margin of 19.14% and a return on equity of 41.71%. On average, research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the company'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 directly owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

DECK has been the subject of a number of analyst reports. Evercore ISI lifted their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Telsey Advisory Group reissued an "outperform" rating and set a $240.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Jefferies Financial Group upped their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their target price on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Finally, Piper Sandler cut their price objective on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.89.

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.