Resona Asset Management Co. Ltd. Makes New $10.52 Million Investment in Deckers Outdoor Co. (NYSE:DECK)

Resona Asset Management Co. Ltd. bought a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, Holdings Channel.com reports. The fund bought 51,669 shares of the textile maker’s stock, valued at approximately $10,520,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in Deckers Outdoor during the 4th quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 120 shares in the last quarter. Fortitude Family Office LLC grew its stake in Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares during the period. Finally, Rakuten Securities Inc. raised its holdings in Deckers Outdoor by 59.8% in the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock worth $71,000 after purchasing an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on DECK shares. Stifel Nicolaus upped their target price on shares of Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Evercore ISI boosted their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Barclays raised their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Truist Financial reduced their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Up 5.1 %

Shares of DECK stock opened at $106.04 on Monday. The firm has a market capitalization of $16.09 billion, a PE ratio of 17.19, a P/E/G ratio of 1.68 and a beta of 1.10. The company has a 50 day moving average price of $142.96 and a 200-day moving average price of $169.85. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. 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.