Vanguard Group Inc. Has $3.58 Billion Stake in Deckers Outdoor Co. (NYSE:DECK)

Vanguard Group Inc. increased its position in Deckers Outdoor Co. (NYSE:DECK) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,639,783 shares of the textile maker’s stock after buying an additional 229,807 shares during the period. Vanguard Group Inc. owned 11.62% of Deckers Outdoor worth $3,582,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Deckers Outdoor by 109.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock worth $91,965,000 after purchasing an additional 235,091 shares during the last quarter. Navellier & Associates Inc. increased its position in Deckers Outdoor by 6.4% during the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock worth $6,053,000 after buying an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Deckers Outdoor by 62.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock valued at $1,407,000 after buying an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Deckers Outdoor by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock valued at $203,300,000 after buying an additional 32,318 shares in the last quarter. Finally, Amundi lifted its position in shares of Deckers Outdoor by 11.0% in the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock worth $225,855,000 after buying an additional 108,054 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling

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

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $124.82 on Tuesday. The business has a fifty day moving average of $160.63 and a 200-day moving average of $167.03. Deckers Outdoor Co. has a twelve month low of $112.10 and a twelve month high of $223.98. The firm has a market cap of $18.94 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on DECK. 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 note on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Jefferies Financial Group raised their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Robert W. Baird boosted 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. Finally, Wells Fargo & Company decreased their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

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.