DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Buys 122,757 Shares of Deckers Outdoor Co. (NYSE:DECK)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 14.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 947,429 shares of the textile maker’s stock after acquiring an additional 122,757 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Deckers Outdoor were worth $192,413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DECK. Franklin Resources Inc. raised its stake in Deckers Outdoor by 497.5% in the third quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker’s stock valued at $62,825,000 after purchasing an additional 325,451 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Deckers Outdoor by 512.9% in the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after buying an additional 332,590 shares during the period. JPMorgan Chase & Co. raised its position in shares of Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after buying an additional 1,170,855 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Deckers Outdoor by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 12,362 shares of the textile maker’s stock worth $2,548,000 after acquiring an additional 596 shares during the period. Finally, Range Financial Group LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $267,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 3.4 %

Shares of DECK stock opened at $121.06 on Thursday. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The stock has a market capitalization of $18.37 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.68 and a beta of 1.11. The firm’s 50 day moving average is $114.66 and its 200 day moving average is $161.19.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America boosted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial lowered their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Jefferies Financial Group raised 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. Piper Sandler lowered their target price on Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.55.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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.