Stevens Capital Management LP Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

Stevens Capital Management LP bought a new position in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, Holdings Channel reports. The institutional investor bought 333 shares of the textile maker’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley raised its position in shares of Deckers Outdoor by 82.6% during the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after buying an additional 527,546 shares in the last quarter. Invesco Ltd. grew its holdings in Deckers Outdoor by 8.9% in the 3rd quarter. Invesco Ltd. now owns 456,957 shares of the textile maker’s stock worth $234,917,000 after acquiring an additional 37,194 shares during the last quarter. Northern Trust Corp grew its holdings in Deckers Outdoor by 2.6% in the 3rd quarter. Northern Trust Corp now owns 231,535 shares of the textile maker’s stock worth $119,030,000 after acquiring an additional 5,972 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in Deckers Outdoor in the 3rd quarter worth $72,727,000. Finally, Ameriprise Financial Inc. grew its holdings in Deckers Outdoor by 12.3% in the 3rd 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. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Up 3.3 %

Shares of NYSE:DECK traded up $26.96 during trading on Friday, reaching $833.46. The stock had a trading volume of 268,393 shares, compared to its average volume of 430,443. Deckers Outdoor Co. has a one year low of $424.36 and a one year high of $956.17. The company has a market capitalization of $21.39 billion, a P/E ratio of 29.03, a PEG ratio of 1.51 and a beta of 1.01. The firm’s 50-day simple moving average is $882.86 and its 200 day simple moving average is $744.28.

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

Analyst Ratings Changes

A number of brokerages have issued reports on DECK. KeyCorp began coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 target price on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Barclays began coverage on shares of Deckers Outdoor in a research note on Monday, April 1st. They set an “overweight” rating and a $1,110.00 target price on the stock. TD Cowen lifted their target price on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, UBS Group lifted their target price on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Seven investment 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, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus price target of $889.00.

Insider Activity

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction on Friday, March 15th. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $90,640,481.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the sale, the chief executive officer now owns 98,218 shares in the company, valued at $90,640,481.30. The disclosure for this sale can be found here. Insiders sold a total of 30,464 shares of company stock valued at $26,229,683 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

Deckers Outdoor 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.