Van ECK Associates Corp Purchases 614 Shares of Deckers Outdoor Co. (NYSE:DECK)

Van ECK Associates Corp raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 15.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,501 shares of the textile maker’s stock after acquiring an additional 614 shares during the quarter. Van ECK Associates Corp’s holdings in Deckers Outdoor were worth $3,009,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DECK. Anchor Investment Management LLC bought a new position in Deckers Outdoor in the fourth quarter valued at $33,000. FSC Wealth Advisors LLC bought a new position in shares of Deckers Outdoor in the 4th quarter valued at about $39,000. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Deckers Outdoor by 170.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 51 shares during the last quarter. Janiczek Wealth Management LLC raised its holdings in Deckers Outdoor by 20.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after acquiring an additional 16 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Deckers Outdoor during the fourth quarter valued at approximately $80,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group boosted their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $930.00 price target on shares of Deckers Outdoor in a research report on Thursday, February 15th. Barclays initiated coverage on shares of Deckers Outdoor in a research note on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price target for the company. Raymond James boosted their price objective 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. Finally, KeyCorp assumed coverage on Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price target for the company. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $889.00.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $862.68 on Tuesday. The stock’s fifty day moving average price is $878.07 and its two-hundred day moving average price is $763.88. The firm has a market cap of $22.14 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05. Deckers Outdoor Co. has a one year low of $424.36 and a one year high of $956.17.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bonita C. Stewart sold 3,500 shares of the business’s stock in a transaction on 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 transaction, 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. Insiders sold a total of 26,792 shares of company stock valued at $23,173,771 over the last quarter. 0.70% of the stock is owned by corporate insiders.

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.