Tower Research Capital LLC TRC Raises Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Tower Research Capital LLC TRC increased its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 31.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,541 shares of the textile maker's stock after buying an additional 3,740 shares during the quarter. Tower Research Capital LLC TRC's holdings in Deckers Outdoor were worth $3,156,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DECK. Vanguard Group Inc. raised its stake in Deckers Outdoor by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock valued at $3,582,464,000 after acquiring an additional 229,807 shares during the period. Geode Capital Management LLC increased its position in shares of Deckers Outdoor by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock valued at $831,723,000 after buying an additional 45,035 shares during the period. Norges Bank bought a new stake in shares of Deckers Outdoor during the fourth quarter valued at about $392,583,000. American Century Companies Inc. increased its position in shares of Deckers Outdoor by 6.4% during the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock valued at $265,262,000 after buying an additional 78,623 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after buying an additional 1,170,855 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 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 approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

NYSE:DECK traded down $1.52 during mid-day trading on Friday, hitting $109.13. 2,006,045 shares of the company's stock were exchanged, compared to its average volume of 2,378,040. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98. The business has a fifty day moving average price of $119.43 and a 200 day moving average price of $163.80. The company has a market cap of $16.56 billion, a PE ratio of 17.69, a P/E/G ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 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%. On average, equities analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DECK. Barclays upped their price target on Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and cut their price objective for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. KeyCorp boosted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company 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.