Meiji Yasuda Life Insurance Co Acquires Shares of 41,424 Deckers Outdoor Co. (NYSE:DECK)

Meiji Yasuda Life Insurance Co bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 41,424 shares of the textile maker's stock, valued at approximately $8,413,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DECK. Headlands Technologies LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. increased its holdings in 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 acquiring an additional 120 shares in the last quarter. Itau Unibanco Holding S.A. raised its position in Deckers Outdoor by 352.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock worth $44,000 after acquiring an additional 169 shares during the period. Finally, Fortitude Family Office LLC lifted its holdings in Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock valued at $45,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analysts Set New Price Targets

DECK has been the subject of a number of research reports. Jefferies Financial Group boosted their target price 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. Barclays increased their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Wells Fargo & Company lowered their price target on Deckers Outdoor from $210.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Needham & Company LLC reissued a "buy" rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, KeyCorp lowered their target price on shares of Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Nine investment 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.55.

Deckers Outdoor Price Performance

Shares of NYSE:DECK traded up $1.40 during trading on Monday, hitting $118.34. 2,976,808 shares of the company were exchanged, compared to its average volume of 2,395,366. The firm's 50 day moving average price is $115.99 and its 200-day moving average price is $162.08. The stock has a market capitalization of $17.96 billion, a P/E ratio of 19.19, a PEG 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 released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of the 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 sale, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Deckers Outdoor 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.