PFG Investments LLC Has $2.90 Million Stake in Deckers Outdoor Co. (NYSE:DECK)

PFG Investments LLC grew its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 892.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,086 shares of the textile maker's stock after purchasing an additional 2,775 shares during the quarter. PFG Investments LLC's holdings in Deckers Outdoor were worth $2,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DECK. Handelsbanken Fonder AB increased its holdings in shares of Deckers Outdoor by 12.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker's stock worth $3,639,000 after purchasing an additional 600 shares during the period. Advisor Resource Council purchased a new stake in Deckers Outdoor in the fourth quarter worth about $970,000. Advisors Preferred LLC purchased a new stake in Deckers Outdoor in the fourth quarter worth about $2,271,000. Marks Group Wealth Management Inc purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $6,185,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $4,813,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lauri M. Shanahan sold 3,672 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the completion of the transaction, the director now owns 4,515 shares of the company's stock, valued at $3,757,473.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Angela Ogbechie sold 313 shares of the company's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares of the company's stock, valued at $3,399,311.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauri M. Shanahan sold 3,672 shares of the company's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the completion of the sale, the director now directly owns 4,515 shares of the company's stock, valued at approximately $3,757,473.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,464 shares of company stock valued at $26,229,683. 0.70% of the stock is currently owned by company insiders.

Deckers Outdoor Price Performance

Shares of NYSE:DECK traded up $26.96 during midday trading on Friday, reaching $833.46. The company had a trading volume of 268,823 shares, compared to its average volume of 377,053. The stock's fifty day moving average price is $882.26 and its 200-day moving average price is $749.95. The stock has a market capitalization of $21.39 billion, a P/E ratio of 29.98, a PEG ratio of 1.48 and a beta of 1.01. Deckers Outdoor Co. has a one year low of $424.36 and a one year high of $956.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, topping analysts' consensus estimates of $11.40 by $3.71. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm's revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.48 earnings per share. As a group, sell-side analysts forecast that Deckers Outdoor Co. will post 26.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. Evercore ISI started coverage on shares of Deckers Outdoor in a research note on Thursday, February 15th. They set an "outperform" rating and a $960.00 price objective for the company. TD Cowen raised their target price on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a "buy" rating in a report on Thursday, April 18th. KeyCorp assumed coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They issued an "overweight" rating and a $960.00 price objective for the company. Finally, Wedbush restated an "outperform" rating and set a $1,000.00 price target on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of "Moderate Buy" and an average price target of $889.00.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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