Vanguard Group Inc. Buys 229,807 Shares of Deckers Outdoor Co. (NYSE:DECK)

Vanguard Group Inc. increased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,639,783 shares of the textile maker’s stock after acquiring an additional 229,807 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Deckers Outdoor worth $3,582,464,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock worth $91,965,000 after purchasing an additional 235,091 shares in the last quarter. Navellier & Associates Inc. raised its stake in Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock worth $6,053,000 after buying an additional 1,791 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in Deckers Outdoor by 62.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock worth $1,407,000 after acquiring an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Deckers Outdoor by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock valued at $203,300,000 after acquiring an additional 32,318 shares during the period. Finally, Amundi increased its holdings in shares of Deckers Outdoor by 11.0% in the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock worth $225,855,000 after acquiring an additional 108,054 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of the company’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 transaction, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $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. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Price Performance

Shares of DECK opened at $124.82 on Tuesday. The company has a market cap of $18.94 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The firm has a 50-day moving average of $160.63 and a 200-day moving average of $167.03. Deckers Outdoor Co. has a one year low of $112.10 and a one year high of $223.98.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, February 7th. KeyCorp raised their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Bank of America upped their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Jefferies Financial Group boosted their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Finally, Truist Financial decreased their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average price target 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.