Allstate Corp Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Allstate Corp purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,370 shares of the textile maker’s stock, valued at approximately $888,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Deckers Outdoor by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock valued at $3,582,464,000 after acquiring an additional 229,807 shares during the last quarter. State Street Corp raised its position in Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after buying an additional 3,393,420 shares during the period. Norges Bank bought a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $392,583,000. Finally, American Century Companies Inc. increased its stake in shares of Deckers Outdoor by 6.4% during the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker’s stock valued at $265,262,000 after buying an additional 78,623 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Deckers Outdoor Stock Up 0.4 %

Shares of DECK opened at $111.95 on Tuesday. Deckers Outdoor Co. has a twelve month low of $107.37 and a twelve month high of $223.98. The company has a market capitalization of $16.99 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The firm has a 50 day moving average of $151.49 and a 200 day moving average of $170.25.

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 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%. On average, sell-side analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DECK shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Barclays increased their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Truist Financial cut their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, UBS Group increased their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.