Principal Financial Group Inc. Purchases 332,590 Shares of Deckers Outdoor Co. (NYSE:DECK)

Principal Financial Group Inc. increased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 512.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 397,434 shares of the textile maker’s stock after buying an additional 332,590 shares during the period. Principal Financial Group Inc.’s holdings in Deckers Outdoor were worth $63,371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. ClariVest Asset Management LLC raised its position in shares of Deckers Outdoor by 0.4% in the 2nd quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock worth $3,363,000 after acquiring an additional 14 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Deckers Outdoor by 1.4% in the second quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock valued at $1,298,000 after buying an additional 19 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Deckers Outdoor by 7.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock worth $264,000 after buying an additional 19 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Deckers Outdoor by 5.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock worth $393,000 after buying an additional 20 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. This represents a 5.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Caroti Stefano sold 15,000 shares of Deckers Outdoor stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the completion of the transaction, the chief executive officer now owns 273,540 shares of the company’s stock, valued at $48,069,184.20. This represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,234 shares of company stock valued at $15,248,513. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Up 2.8 %

DECK stock opened at $210.97 on Friday. Deckers Outdoor Co. has a 1-year low of $108.65 and a 1-year high of $214.70. The stock has a market cap of $32.05 billion, a P/E ratio of 37.10, a P/E/G ratio of 2.87 and a beta of 1.08. The stock’s fifty day simple moving average is $181.65 and its two-hundred day simple moving average is $98.84.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, analysts forecast that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Guggenheim initiated coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating on the stock. KeyCorp boosted their target price on Deckers Outdoor from $190.00 to $213.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus increased their price target on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Barclays boosted their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Telsey Advisory Group increased their target price on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $158.59.

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.