3,530 Shares in Deckers Outdoor Co. (NYSE:DECK) Purchased by Allianz SE

Allianz SE purchased a new stake in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,530 shares of the textile maker’s stock, valued at approximately $726,000.

A number of other large investors have also recently modified their holdings of DECK. Algert Global LLC lifted its stake in shares of Deckers Outdoor by 598.1% in the 3rd quarter. Algert Global LLC now owns 2,988 shares of the textile maker’s stock valued at $476,000 after acquiring an additional 2,560 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Deckers Outdoor by 497.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 91,583 shares of the textile maker’s stock worth $14,603,000 after purchasing an additional 76,259 shares during the period. Glenmede Trust Co. NA lifted its position in Deckers Outdoor by 1,538.7% in the third quarter. Glenmede Trust Co. NA now owns 7,161 shares of the textile maker’s stock valued at $1,142,000 after purchasing an additional 6,724 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Deckers Outdoor by 559.3% during the third quarter. CreativeOne Wealth LLC now owns 2,400 shares of the textile maker’s stock valued at $383,000 after purchasing an additional 2,036 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after purchasing an additional 1,074,263 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group raised their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company dropped 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. Needham & Company LLC reissued a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. KeyCorp upped their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird increased their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $197.41.

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Down 4.6 %

DECK stock opened at $111.53 on Monday. Deckers Outdoor Co. has a 52-week low of $110.28 and a 52-week high of $223.98. The company’s 50-day simple moving average is $153.46 and its 200-day simple moving average is $169.64. The firm has a market cap of $16.93 billion, a P/E ratio of 18.08, a PEG 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 (EPS) 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 earnings per share 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.