First Trust Direct Indexing L.P. Purchases 39 Shares of Deckers Outdoor Co. (NYSE:DECK)

First Trust Direct Indexing L.P. boosted its position in Deckers Outdoor Co. (NYSE:DECKFree Report) by 7.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 575 shares of the textile maker’s stock after purchasing an additional 39 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Deckers Outdoor were worth $541,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in shares of Deckers Outdoor by 12.3% during the third quarter. Ameriprise Financial Inc. now owns 141,402 shares of the textile maker’s stock worth $72,694,000 after acquiring an additional 15,541 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Deckers Outdoor by 75.5% during the third quarter. Adage Capital Partners GP L.L.C. now owns 10,355 shares of the textile maker’s stock worth $5,323,000 after acquiring an additional 4,455 shares during the last quarter. Kennedy Capital Management LLC grew its stake in shares of Deckers Outdoor by 3.4% during the third quarter. Kennedy Capital Management LLC now owns 4,447 shares of the textile maker’s stock worth $2,286,000 after acquiring an additional 145 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Deckers Outdoor during the third quarter worth about $430,000. Finally, Sei Investments Co. grew its stake in shares of Deckers Outdoor by 18.0% during the third quarter. Sei Investments Co. now owns 24,647 shares of the textile maker’s stock worth $12,671,000 after acquiring an additional 3,765 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

NYSE DECK opened at $939.32 on Friday. The business has a fifty day moving average price of $960.37 and a 200 day moving average price of $869.39. Deckers Outdoor Co. has a one year low of $484.02 and a one year high of $1,106.89. The company has a market cap of $23.90 billion, a P/E ratio of 32.07, a P/E/G ratio of 3.13 and a beta of 1.06.

Deckers Outdoor (NYSE:DECKGet Free Report) last posted its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, beating the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The firm had revenue of $959.76 million during the quarter, compared to the consensus estimate of $892.00 million. During the same period in the prior year, the company earned $3.46 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. As a group, sell-side analysts predict that Deckers Outdoor Co. will post 30.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DECK shares. Stifel Nicolaus boosted their price target on Deckers Outdoor from $775.00 to $825.00 and gave the stock a “hold” rating in a research note on Friday, May 24th. Citigroup upped their target price on Deckers Outdoor from $835.00 to $920.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. TD Cowen upped their target price on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Bank of America upped their target price on Deckers Outdoor from $860.00 to $1,020.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Finally, KeyCorp upped their price objective on Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,023.44.

Get Our Latest Stock Analysis on Deckers Outdoor

Insiders Place Their Bets

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 completion of the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Deckers Outdoor news, insider Thomas Garcia sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total value of $4,299,440.00. Following the completion of the sale, the insider now directly owns 11,654 shares of the company’s stock, valued at approximately $12,526,418.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. Insiders sold 28,101 shares of company stock valued at $28,858,562 in the last three months. 0.70% of the stock is currently owned by insiders.

Deckers Outdoor Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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