Meiji Yasuda Life Insurance Co acquired a new stake in Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, as revealed in its most recent Securities and Exchange Commission disclosure. The firm purchased 41,424 shares of the company’s stock, valued at approximately $8,413,000.
Other institutional investors and hedge funds have also recently adjusted their holdings in Deckers Outdoor. Resonant Capital Advisors LLC increased its position by 2.2% during the fourth quarter, now owning 2,408 shares worth $489,000. Bleakley Financial Group LLC grew its holdings by 3.9%, owning 1,444 shares valued at $293,000. Mather Group LLC raised its position by 2.6%, now holding 2,567 shares worth $521,000. Prosperity Wealth Management Inc. lifted its stake by 2.8%, owning 2,777 shares valued at $564,000. WD Rutherford LLC boosted its position by 4.8%, now owning 1,735 shares worth $352,000.
Institutional investors collectively own 97.79% of Deckers Outdoor’s stock. The company has been the subject of various research analyst reports. Bank of America raised its price target from $182.00 to $217.00, maintaining a ‘neutral’ rating. Stifel Nicolaus cut its price target from $185.00 to $127.00, setting a ‘hold’ rating. Telsey Advisory Group reiterated an ‘outperform’ rating with a $240.00 price objective. Citigroup dropped its target price from $215.00 to $150.00 while maintaining a ‘buy’ rating. Needham & Company LLC reaffirmed a ‘buy’ rating with a $246.00 price target.
Currently, Deckers Outdoor has a consensus rating of ‘Moderate Buy’ with an average price target of $174.55 among analysts. The stock opened at $111.16 on Friday, with the company having a market cap of $16.87 billion and a PE ratio of 18.02. Deckers Outdoor reported $3.00 EPS for the quarter ending February 6th, beating analysts’ consensus estimates of $2.44.
In related news, Director David Powers sold 25,000 shares in a transaction on February 28th, while Director Maha Saleh Ibrahim sold 300 shares on March 6th. Company insiders currently own 0.40% of the stock.
