Vestmark Advisory Solutions Inc. Buys New Position in Deckers Outdoor Co. (NYSE:DECK)

Vestmark Advisory Solutions Inc. purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 317 shares of the textile maker’s stock, valued at approximately $212,000.

Other hedge funds have also made changes to their positions in the company. Ifrah Financial Services Inc. purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $203,000. Axxcess Wealth Management LLC purchased a new stake in Deckers Outdoor in the fourth quarter valued at $438,000. M&T Bank Corp boosted its stake in Deckers Outdoor by 5.6% in the fourth quarter. M&T Bank Corp now owns 1,045 shares of the textile maker’s stock valued at $699,000 after acquiring an additional 55 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Deckers Outdoor during the fourth quarter worth about $96,000. Finally, Running Oak Capital LLC purchased a new position in Deckers Outdoor during the 4th quarter worth $7,740,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DECK shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $930.00 price objective on shares of Deckers Outdoor in a report on Thursday, February 15th. Barclays began coverage on Deckers Outdoor in a research report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price objective for the company. Piper Sandler upped their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. UBS Group raised their price objective on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Evercore ISI started coverage on shares of Deckers Outdoor in a research report on Thursday, February 15th. They set an “outperform” rating and a $960.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $889.00.

Insider Activity

In other news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Steven J. Fasching sold 5,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.40, for a total value of $4,222,000.00. Following the sale, the chief financial officer now owns 29,291 shares in the company, valued at approximately $24,733,320.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,792 shares of company stock worth $23,173,771. 0.70% of the stock is owned by corporate insiders.

Deckers Outdoor Stock Performance

DECK stock opened at $862.38 on Wednesday. Deckers Outdoor Co. has a 52 week low of $424.36 and a 52 week high of $956.17. The stock has a market cap of $22.14 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.49 and a beta of 1.05. The firm has a 50 day simple moving average of $877.91 and a 200 day simple moving average of $766.45.

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