LPL Financial LLC Increases Position in Deckers Outdoor Co. (NYSE:DECK)

LPL Financial LLC boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK – Get Rating) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,802 shares of the textile maker’s stock after acquiring an additional 730 shares during the period. LPL Financial LLC owned 0.06% of Deckers Outdoor worth $6,707,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in shares of Deckers Outdoor by 2.3% in the 1st quarter. State Street Corp now owns 720,033 shares of the textile maker’s stock valued at $197,123,000 after buying an additional 16,529 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Deckers Outdoor by 18.0% in the 1st quarter. Wellington Management Group LLP now owns 433,426 shares of the textile maker’s stock worth $118,658,000 after acquiring an additional 66,072 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Deckers Outdoor by 83.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 362,863 shares of the textile maker’s stock worth $92,657,000 after acquiring an additional 164,730 shares during the last quarter. Congress Asset Management Co. MA acquired a new position in shares of Deckers Outdoor in the 3rd quarter worth approximately $109,791,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Deckers Outdoor by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 298,661 shares of the textile maker’s stock worth $93,384,000 after acquiring an additional 1,832 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Activity at Deckers Outdoor

In related news, Director Lauri M. Shanahan sold 2,529 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $406.56, for a total value of $1,028,190.24. Following the transaction, the director now directly owns 7,843 shares of the company’s stock, valued at approximately $3,188,650.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Deckers Outdoor news, CEO David Powers sold 35,957 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $400.87, for a total transaction of $14,414,082.59. Following the transaction, the chief executive officer now directly owns 92,252 shares of the company’s stock, valued at approximately $36,981,059.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauri M. Shanahan sold 2,529 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $406.56, for a total transaction of $1,028,190.24. Following the transaction, the director now directly owns 7,843 shares in the company, valued at $3,188,650.08. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $490.58 on Friday. The firm’s fifty day moving average price is $457.06 and its 200 day moving average price is $414.14. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.24 and a beta of 0.92. Deckers Outdoor Co. has a 12 month low of $212.93 and a 12 month high of $503.48.

Wall Street Analyst Weigh In

DECK has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Deckers Outdoor in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Piper Sandler increased their target price on shares of Deckers Outdoor from $485.00 to $535.00 and gave the stock an “overweight” rating in a report on Tuesday, April 4th. Telsey Advisory Group reiterated an “outperform” rating and set a $485.00 target price on shares of Deckers Outdoor in a report on Wednesday, February 15th. Citigroup increased their target price on shares of Deckers Outdoor from $440.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, January 25th. Finally, Robert W. Baird increased their target price on shares of Deckers Outdoor from $425.00 to $455.00 in a report on Tuesday, January 31st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $466.54.

Deckers Outdoor Profile

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Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.