Russell Investments Group Ltd. Purchases 934 Shares of Deckers Outdoor Co. (NYSE:DECK)

Russell Investments Group Ltd. grew its position in Deckers Outdoor Co. (NYSE:DECK) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,653 shares of the textile maker’s stock after purchasing an additional 934 shares during the period. Russell Investments Group Ltd.’s holdings in Deckers Outdoor were worth $24,509,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Handelsbanken Fonder AB increased its stake in Deckers Outdoor by 12.4% in the 4th quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock valued at $3,639,000 after buying an additional 600 shares during the last quarter. Advisor Resource Council bought a new stake in Deckers Outdoor during the fourth quarter worth $970,000. Advisors Preferred LLC purchased a new position in Deckers Outdoor in the fourth quarter worth $2,271,000. Marks Group Wealth Management Inc bought a new position in Deckers Outdoor in the 4th quarter valued at $6,185,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at $4,813,000. 97.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $1,000.00 price target on shares of Deckers Outdoor in a report on Wednesday, April 10th. Raymond James raised their price target on shares of Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Wells Fargo & Company lifted their price target on shares of Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Stifel Nicolaus increased their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Finally, Bank of America lowered Deckers Outdoor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $875.00 to $860.00 in a research note on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $889.00.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the sale, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Angela Ogbechie sold 313 shares of the stock in a transaction 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 transaction, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bonita C. Stewart sold 3,500 shares of Deckers Outdoor stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total value of $3,048,885.00. Following the sale, the director now directly owns 8,863 shares of the company’s stock, valued at approximately $7,720,647.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,464 shares of company stock worth $26,229,683. Insiders own 0.70% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $819.48 on Thursday. The company has a market capitalization of $21.04 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. Deckers Outdoor Co. has a 52-week low of $424.36 and a 52-week high of $956.17. The business’s fifty day moving average is $879.96 and its 200 day moving average is $755.06.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share 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 firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the firm posted $10.48 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts forecast that Deckers Outdoor Co. will post 26.89 EPS for the current fiscal year.

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.