E Fund Management Hong Kong Co. Ltd. Buys New Shares in Deckers Outdoor Co. (NYSE:DECK)

E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 687 shares of the textile maker’s stock, valued at approximately $140,000.

Several other hedge funds have also recently made changes to their positions in the business. Marshall Financial Group LLC increased its stake in shares of Deckers Outdoor by 3.3% in the 4th quarter. Marshall Financial Group LLC now owns 7,471 shares of the textile maker’s stock valued at $1,517,000 after acquiring an additional 238 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in Deckers Outdoor by 11.4% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,917 shares of the textile maker’s stock worth $592,000 after purchasing an additional 299 shares during the period. Linden Thomas Advisory Services LLC increased its stake in Deckers Outdoor by 28.0% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,396 shares of the textile maker’s stock valued at $1,502,000 after purchasing an additional 1,616 shares in the last quarter. Carr Financial Group Corp acquired a new position in shares of Deckers Outdoor during the fourth quarter valued at about $202,000. Finally, CX Institutional boosted its position in shares of Deckers Outdoor by 4.3% during the 4th quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock worth $522,000 after purchasing an additional 107 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven J. Fasching sold 8,802 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the sale, the chief financial officer now owns 153,036 shares of the company’s stock, valued at approximately $26,781,300. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Stock Down 0.8 %

DECK stock opened at $216.90 on Monday. The business has a 50 day moving average of $203.00 and a 200-day moving average of $131.17. The firm has a market cap of $32.95 billion, a PE ratio of 38.14, a P/E/G ratio of 2.98 and a beta of 1.08. Deckers Outdoor Co. has a 12-month low of $125.15 and a 12-month high of $218.92.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. On average, research analysts expect that Deckers Outdoor Co. will post 5.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DECK. Truist Financial boosted their target price on Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Thursday. Guggenheim assumed coverage on Deckers Outdoor in a report on Wednesday, October 9th. They issued a “neutral” rating on the stock. UBS Group boosted their price target on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Bank of America raised their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $182.20.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.