Harvest Investment Services LLC Has $6.06 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Harvest Investment Services LLC lessened its stake in Deckers Outdoor Co. (NYSE:DECK) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,834 shares of the textile maker’s stock after selling 604 shares during the period. Deckers Outdoor accounts for about 1.5% of Harvest Investment Services LLC’s portfolio, making the stock its 10th largest position. Harvest Investment Services LLC’s holdings in Deckers Outdoor were worth $6,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its position in shares of Deckers Outdoor by 109.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock worth $91,965,000 after acquiring an additional 235,091 shares in the last quarter. Navellier & Associates Inc. lifted its position in Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock worth $6,053,000 after acquiring an additional 1,791 shares during the period. Wilmington Savings Fund Society FSB raised its position in Deckers Outdoor by 62.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock worth $1,407,000 after buying an additional 2,668 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Deckers Outdoor by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock valued at $203,300,000 after purchasing an additional 32,318 shares during the period. Finally, Amundi boosted its stake in shares of Deckers Outdoor by 11.0% in the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock worth $225,855,000 after buying an additional 108,054 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DECK has been the topic of several recent analyst reports. Evercore ISI increased their target price 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. Raymond James upgraded Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and reduced their price target for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. UBS Group raised their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $187.89.

Deckers Outdoor Stock Down 1.9 %

Shares of Deckers Outdoor stock opened at $103.65 on Tuesday. The company’s 50-day simple moving average is $123.25 and its 200-day simple moving average is $165.24. Deckers Outdoor Co. has a 52-week low of $93.72 and a 52-week high of $223.98. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) 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%. Equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Activity

In other Deckers Outdoor 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 transaction, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 sale, the director now owns 241,777 shares of the company’s stock, valued at approximately $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.