ProShare Advisors LLC Buys 2,834 Shares of Deckers Outdoor Co. (NYSE:DECK)

ProShare Advisors LLC raised its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 14.7% in the fourth quarter, Holdings Channel reports. The fund owned 22,070 shares of the textile maker’s stock after acquiring an additional 2,834 shares during the period. ProShare Advisors LLC’s holdings in Deckers Outdoor were worth $4,482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Deckers Outdoor during the fourth quarter worth $392,583,000. JPMorgan Chase & Co. grew its holdings in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Deckers Outdoor during the fourth quarter worth $185,451,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Deckers Outdoor by 204.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker’s stock worth $180,674,000 after purchasing an additional 597,743 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Deckers Outdoor by 101.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker’s stock worth $203,850,000 after purchasing an additional 505,139 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were 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 of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

DECK has been the topic of a number of research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research report on Friday. Wells Fargo & Company upped their target price on shares of Deckers Outdoor from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 14th. Piper Sandler dropped their target price on Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. KeyCorp dropped their target price on Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, April 29th. Finally, Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $162.16.

Deckers Outdoor Stock Performance

Shares of DECK opened at $127.22 on Tuesday. The stock has a 50 day simple moving average of $114.30 and a 200 day simple moving average of $159.24. Deckers Outdoor Co. has a 52-week low of $93.72 and a 52-week high of $223.98. The firm has a market capitalization of $19.31 billion, a PE ratio of 20.62, a P/E/G ratio of 1.68 and a beta of 1.11.

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.