Russell Investments Group Ltd. Increases Holdings in Deckers Outdoor Co. (NYSE:DECK)

Posted by Defense World Staff on May 17th, 2023

Russell Investments Group Ltd. lifted its position in shares of Deckers Outdoor Co. (NYSE:DECK – Get Rating) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,008 shares of the textile maker’s stock after acquiring an additional 389 shares during the quarter. Russell Investments Group Ltd.’s holdings in Deckers Outdoor were worth $5,192,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC raised its position in shares of Deckers Outdoor by 13.7% during the 1st quarter. HighTower Advisors LLC now owns 3,294 shares of the textile maker’s stock worth $902,000 after purchasing an additional 398 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Deckers Outdoor by 7.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 15,156 shares of the textile maker’s stock worth $4,272,000 after purchasing an additional 1,001 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Deckers Outdoor during the 1st quarter worth approximately $882,000. Sei Investments Co. raised its position in shares of Deckers Outdoor by 53.1% during the 1st quarter. Sei Investments Co. now owns 35,845 shares of the textile maker’s stock worth $9,811,000 after purchasing an additional 12,439 shares during the last quarter. Finally, Aviva PLC raised its holdings in Deckers Outdoor by 24.9% in the 1st quarter. Aviva PLC now owns 8,020 shares of the textile maker’s stock valued at $2,196,000 after acquiring an additional 1,597 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $473.33 on Wednesday. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.24 and a beta of 0.92. The company’s fifty day moving average is $459.06 and its two-hundred day moving average is $416.34. Deckers Outdoor Co. has a 52-week low of $212.93 and a 52-week high of $503.48.

Insider Activity

In other Deckers Outdoor news, CEO David Powers sold 35,957 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $400.87, for a total value of $14,414,082.59. Following the transaction, the chief executive officer now directly owns 92,252 shares in the company, valued at $36,981,059.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Lauri M. Shanahan sold 2,529 shares of the stock in a transaction that occurred 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 in the company, valued at $3,188,650.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Powers sold 35,957 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 92,252 shares of the company’s stock, valued at approximately $36,981,059.24. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DECK has been the subject of several analyst reports. BTIG Research boosted their price target on Deckers Outdoor from $515.00 to $560.00 in a report on Monday, May 1st. Cowen upped their price target on shares of Deckers Outdoor from $476.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Citigroup upped their price target on shares of Deckers Outdoor from $440.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, January 25th. Wells Fargo & Company upped their price target on shares of Deckers Outdoor from $360.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Friday, February 3rd. Finally, StockNews.com began coverage on shares of Deckers Outdoor in a research report on Thursday, March 16th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $466.54.

About Deckers Outdoor

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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.