98,336 Shares in Deckers Outdoor Co. (NYSE:DECK) Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 98,336 shares of the textile maker's stock, valued at approximately $19,971,000. Deckers Outdoor accounts for 1.2% of Point72 Hong Kong Ltd's portfolio, making the stock its 18th biggest holding. Point72 Hong Kong Ltd owned 0.06% of Deckers Outdoor at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Czech National Bank lifted its stake in shares of Deckers Outdoor by 6.1% during the fourth quarter. Czech National Bank now owns 32,940 shares of the textile maker's stock valued at $6,690,000 after buying an additional 1,882 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $1,067,000. Board of the Pension Protection Fund purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $284,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Deckers Outdoor by 3,081.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 287,603 shares of the textile maker's stock valued at $58,409,000 after buying an additional 278,564 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Shares of DECK stock traded up $0.88 during midday trading on Friday, reaching $127.82. 2,156,780 shares of the company were exchanged, compared to its average volume of 2,432,376. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The company has a market cap of $19.40 billion, a P/E ratio of 20.72, a PEG ratio of 1.68 and a beta of 1.11. The company's 50 day moving average price is $114.19 and its two-hundred day moving average price is $159.45.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DECK. Telsey Advisory Group reaffirmed an "outperform" rating and set a $240.00 price target on shares of Deckers Outdoor in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Deckers Outdoor from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Stifel Nicolaus dropped their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Raymond James raised shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and dropped their price objective for the stock from $235.00 to $150.00 in a research report on Thursday, April 10th. Finally, Barclays dropped their price objective on shares of Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Nine 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $162.16.

Insider Buying and Selling

In other news, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81% decrease in their position. The disclosure for this sale can be found here. 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.