Junto Capital Management LP Has $102.38 Million Position in Deckers Outdoor Co. (NYSE:DECK)

Junto Capital Management LP boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 36.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 504,115 shares of the textile maker’s stock after buying an additional 134,998 shares during the period. Deckers Outdoor makes up about 2.0% of Junto Capital Management LP’s portfolio, making the stock its 13th largest position. Junto Capital Management LP owned approximately 0.33% of Deckers Outdoor worth $102,381,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DECK. Principal Financial Group Inc. boosted its stake in shares of Deckers Outdoor by 512.9% in the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock worth $63,371,000 after buying an additional 332,590 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Deckers Outdoor by 929.0% in 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. Nordea Investment Management AB grew its stake in Deckers Outdoor by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 12,362 shares of the textile maker’s stock valued at $2,548,000 after purchasing an additional 596 shares during the period. Fortitude Family Office LLC increased its position in shares of Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 198 shares during the last quarter. Finally, RMR Wealth Builders bought a new stake in shares of Deckers Outdoor during the 4th quarter worth $383,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Down 3.5 %

NYSE:DECK opened at $121.18 on Friday. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The stock has a market cap of $18.39 billion, a P/E ratio of 19.65, a PEG ratio of 1.68 and a beta of 1.11. The business’s 50-day moving average price is $114.18 and its two-hundred day moving average price is $160.79.

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

Insider Activity

In related news, Director David Powers sold 25,000 shares of the business’s 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 completion of the sale, the director now owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred 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 transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DECK. Needham & Company LLC restated a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Bank of America upped their price target on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Jefferies Financial Group boosted their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Finally, KeyCorp cut their target price on shares of Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, April 29th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.55.

About Deckers Outdoor

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.