OFI Invest Asset Management Buys Shares of 224,307 Deckers Outdoor Co. (NYSE:DECK)

OFI Invest Asset Management purchased a new position in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 224,307 shares of the textile maker’s stock, valued at approximately $43,993,000. Deckers Outdoor comprises 1.0% of OFI Invest Asset Management’s investment portfolio, making the stock its 24th largest position. OFI Invest Asset Management owned 0.15% of Deckers Outdoor at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Amundi raised its holdings in shares of Deckers Outdoor by 11.0% during the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock valued at $225,855,000 after buying an additional 108,054 shares during the last quarter. Naviter Wealth LLC acquired a new position in Deckers Outdoor during the 4th quarter worth $297,000. HM Payson & Co. bought a new position in shares of Deckers Outdoor in the fourth quarter worth $244,000. PNC Financial Services Group Inc. increased its holdings in shares of Deckers Outdoor by 3.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,761 shares of the textile maker’s stock valued at $4,419,000 after purchasing an additional 751 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Deckers Outdoor by 12.7% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 196,051 shares of the textile maker’s stock valued at $42,502,000 after purchasing an additional 22,109 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David Powers sold 25,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,574 shares of company stock worth $6,485,189. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Robert W. Baird boosted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Jefferies Financial Group upped their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Barclays increased their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $126.81 on Friday. The firm’s 50 day moving average price is $179.75 and its two-hundred day moving average price is $158.89. The firm has a market cap of $19.25 billion, a PE ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a twelve month low of $122.61 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (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%. Equities analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Deckers Outdoor 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.