Principal Financial Group Inc. Purchases 332,590 Shares of Deckers Outdoor Co. (NYSE:DECK)

Principal Financial Group Inc. increased its position in Deckers Outdoor Co. (NYSE:DECK) by 512.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 397,434 shares of the textile maker’s stock after purchasing an additional 332,590 shares during the quarter. Principal Financial Group Inc. owned approximately 0.26% of Deckers Outdoor worth $63,371,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DECK. Solstein Capital LLC lifted its position in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Deckers Outdoor by 460.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. Bell Investment Advisors Inc boosted its position in Deckers Outdoor by 521.4% during the third 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 period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Deckers Outdoor by 2,000.0% in 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, Crewe Advisors LLC bought a new position in shares of Deckers Outdoor in the second quarter valued at about $34,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,234 shares of company stock valued at $15,248,513 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Up 2.8 %

DECK stock opened at $210.97 on Friday. The stock has a market capitalization of $32.05 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. The firm has a 50-day moving average price of $181.65 and a 200-day moving average price of $98.84. Deckers Outdoor Co. has a 12 month low of $108.65 and a 12 month high of $214.70.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share. As a group, equities analysts predict that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Bank of America upped their price target on shares of Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a research report on Thursday, October 17th. Robert W. Baird lifted 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. Needham & Company LLC upped their price target on shares of Deckers Outdoor from $218.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $158.59.

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.