Deckers Outdoor Co. (NYSE:DECK) Stock Holdings Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 109.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 449,683 shares of the textile maker’s stock after purchasing an additional 235,091 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.30% of Deckers Outdoor worth $91,965,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DECK. Solstein Capital LLC raised its position in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Bell Investment Advisors Inc grew its stake in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after buying an additional 175 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 Bonita C. Stewart sold 4,500 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $186.43, for a total transaction of $838,935.00. Following the transaction, the director now owns 40,733 shares of the company’s stock, valued at approximately $7,593,853.19. This represents a 9.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Caroti Stefano sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the transaction, the chief executive officer now directly owns 273,540 shares in the company, valued at $48,069,184.20. The trade was a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,956 shares of company stock valued at $10,387,731. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Trading Down 2.3 %

Shares of NYSE:DECK opened at $153.97 on Thursday. The firm has a market cap of $23.37 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 1.93 and a beta of 1.07. Deckers Outdoor Co. has a 1 year low of $131.39 and a 1 year high of $223.98. The business has a fifty day simple moving average of $200.84 and a 200 day simple moving average of $144.80.

Deckers Outdoor (NYSE:DECK) last posted 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%. On average, sell-side analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DECK shares. Bank of America increased their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. UBS Group upped their target price on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Piper Sandler set a $166.00 price objective on shares of Deckers Outdoor in a research note on Thursday, October 17th. Finally, Robert W. Baird lifted their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.