Harvest Fund Management Co. Ltd Purchases Shares of 251 Deckers Outdoor Co. (NYSE:DECK)

Harvest Fund Management Co. Ltd purchased a new stake in Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 251 shares of the textile maker’s stock, valued at approximately $168,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC raised its stake in Deckers Outdoor by 7.4% in the third quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock valued at $119,000 after buying an additional 16 shares during the last quarter. Janiczek Wealth Management LLC raised its stake in shares of Deckers Outdoor by 20.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after purchasing an additional 16 shares during the last quarter. Chase Investment Counsel Corp raised its stake in shares of Deckers Outdoor by 0.3% in the third quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock worth $2,967,000 after purchasing an additional 19 shares during the last quarter. Flputnam Investment Management Co. raised its stake in shares of Deckers Outdoor by 2.9% in the third quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock worth $389,000 after purchasing an additional 21 shares during the last quarter. Finally, Alcosta Capital Management Inc. raised its stake in shares of Deckers Outdoor by 0.4% in the third quarter. Alcosta Capital Management Inc. now owns 5,624 shares of the textile maker’s stock worth $2,891,000 after purchasing an additional 25 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction that occurred on Monday, April 15th. The stock was 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 30,464 shares of company stock valued at $26,229,683. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DECK. Telsey Advisory Group restated an “outperform” rating and issued a $930.00 price objective on shares of Deckers Outdoor in a research note on Thursday, February 15th. Bank of America cut Deckers Outdoor from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $875.00 to $860.00 in a research note on Thursday. Wedbush restated an “outperform” rating and issued a $1,000.00 price objective on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Barclays initiated coverage on Deckers Outdoor in a research note on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price objective for the company. Finally, KeyCorp initiated coverage on Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $889.00.

Deckers Outdoor Trading Down 4.8 %

Shares of DECK opened at $810.52 on Thursday. Deckers Outdoor Co. has a 12 month low of $424.36 and a 12 month high of $956.17. The stock’s 50 day moving average is $884.14 and its two-hundred day moving average is $743.84. The firm has a market cap of $20.81 billion, a P/E ratio of 30.64, a PEG ratio of 1.47 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company earned $10.48 earnings per share. Deckers Outdoor’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts forecast that Deckers Outdoor Co. will post 26.87 EPS for the current year.

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