Elo Mutual Pension Insurance Co Increases Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Elo Mutual Pension Insurance Co lifted its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,567 shares of the textile maker’s stock after acquiring an additional 989 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Deckers Outdoor were worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Artisan Partners Limited Partnership increased its holdings in Deckers Outdoor by 28.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,095,517 shares of the textile maker’s stock valued at $222,489,000 after buying an additional 239,921 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Deckers Outdoor by 9.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 233,980 shares of the textile maker’s stock valued at $48,492,000 after acquiring an additional 20,542 shares in the last quarter. Korea Investment CORP grew its holdings in shares of Deckers Outdoor by 34.0% during the fourth quarter. Korea Investment CORP now owns 157,960 shares of the textile maker’s stock worth $32,080,000 after purchasing an additional 40,048 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth about $589,000. Finally, Florida Financial Advisors LLC lifted its holdings in shares of Deckers Outdoor by 24.1% in the 4th quarter. Florida Financial Advisors LLC now owns 3,040 shares of the textile maker’s stock valued at $617,000 after purchasing an additional 590 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. The trade was a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $111.53 on Friday. Deckers Outdoor Co. has a 52 week low of $110.75 and a 52 week high of $223.98. The company has a market cap of $16.93 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The firm has a 50 day simple moving average of $153.46 and a 200 day simple moving average of $167.63.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, equities analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DECK. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. KeyCorp raised their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Evercore ISI upped their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Finally, Jefferies Financial Group increased their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Company 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.