E Fund Management Co. Ltd. Invests $1.72 Million in Deckers Outdoor Co. (NYSE:DECK)

E Fund Management Co. Ltd. acquired a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,569 shares of the textile maker’s stock, valued at approximately $1,717,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC boosted its holdings in shares of Deckers Outdoor by 7.4% during the third quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock worth $119,000 after purchasing an additional 16 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in shares of Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after acquiring an additional 16 shares during the last quarter. Chase Investment Counsel Corp lifted its holdings in shares of Deckers Outdoor by 0.3% during the 3rd quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock worth $2,967,000 after acquiring an additional 19 shares during the period. Flputnam Investment Management Co. boosted its position in shares of Deckers Outdoor by 2.9% in the third quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock worth $389,000 after acquiring an additional 21 shares during the last quarter. Finally, Alcosta Capital Management Inc. increased its position in Deckers Outdoor by 0.4% during the third quarter. Alcosta Capital Management Inc. now owns 5,624 shares of the textile maker’s stock worth $2,891,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 98,218 shares in the company, valued at $80,942,435.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other 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 transaction 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 $80,942,435.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bonita C. Stewart sold 3,500 shares of Deckers Outdoor stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the sale, the director now owns 8,863 shares in the company, valued at $7,720,647.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,792 shares of company stock worth $23,173,771. 0.70% of the stock is owned by insiders.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded up $21.07 during mid-day trading on Thursday, hitting $874.55. The company had a trading volume of 265,885 shares, compared to its average volume of 412,576. The stock has a market cap of $22.45 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.49 and a beta of 1.05. The firm’s 50 day simple moving average is $877.33 and its two-hundred day simple moving average is $767.06. Deckers Outdoor Co. has a 12 month low of $424.36 and a 12 month high of $956.17.

Analyst Ratings Changes

Several analysts have recently issued reports on DECK shares. Raymond James boosted their price objective on shares of Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Barclays started coverage on Deckers Outdoor in a report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price objective on the stock. Stifel Nicolaus boosted their target price on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. Evercore ISI started coverage on Deckers Outdoor in a research report on Thursday, February 15th. They issued an “outperform” rating and a $960.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $889.00.

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.