Northern Trust Corp Increases Position in Deckers Outdoor Co. (NYSE:DECK)

Northern Trust Corp raised its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,581,702 shares of the textile maker's stock after purchasing an additional 192,469 shares during the period. Northern Trust Corp owned approximately 1.04% of Deckers Outdoor worth $321,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DECK. Passumpsic Savings Bank increased its holdings in Deckers Outdoor by 477.8% in the third quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker's stock valued at $4,352,000 after purchasing an additional 22,572 shares during the period. Anchor Investment Management LLC increased its stake in shares of Deckers Outdoor by 500.0% in the third quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker's stock valued at $80,000 after buying an additional 420 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Deckers Outdoor during the third quarter worth about $679,000. Tidal Investments LLC lifted its stake in shares of Deckers Outdoor by 3,540.6% in the third quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker's stock worth $24,206,000 after acquiring an additional 147,642 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Deckers Outdoor by 497.5% in the third quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker's stock valued at $62,825,000 after acquiring an additional 325,451 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of DECK traded up $5.88 during mid-day trading on Friday, reaching $117.01. The company had a trading volume of 2,490,092 shares, compared to its average volume of 2,393,029. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The firm has a 50-day moving average price of $115.99 and a 200 day moving average price of $162.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on DECK shares. Telsey Advisory Group reissued an "outperform" rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Jefferies Financial Group increased their price target on Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Evercore ISI boosted 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. Barclays increased their target price on Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Citigroup decreased their price target on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Nine investment 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 company. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and an average target price of $174.55.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on 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 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. Company insiders own 0.40% of the company's stock.

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.