BNP Paribas Financial Markets Grows Stake in Deckers Outdoor Co. (NYSE:DECK)

BNP Paribas Financial Markets boosted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 61.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 305,839 shares of the textile maker's stock after purchasing an additional 116,172 shares during the period. BNP Paribas Financial Markets owned about 0.20% of Deckers Outdoor worth $62,113,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 229,807 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Deckers Outdoor by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock valued at $831,723,000 after purchasing an additional 45,035 shares in the last quarter. Norges Bank purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at $392,583,000. Northern Trust Corp grew its position in Deckers Outdoor by 13.9% in the fourth quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock worth $321,228,000 after acquiring an additional 192,469 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Deckers Outdoor by 6.4% in the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock worth $265,262,000 after buying an additional 78,623 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Piper Sandler reduced their target price on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus cut their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Barclays raised their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.55.

Insider Transactions at Deckers Outdoor

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

Deckers Outdoor Trading Down 3.5 %

Shares of DECK traded down $4.44 during mid-day trading on Friday, hitting $121.18. 2,249,144 shares of the company's stock were exchanged, compared to its average volume of 2,408,436. The firm has a market capitalization of $18.39 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The business's 50 day moving average is $114.18 and its two-hundred day moving average is $160.72.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts' consensus estimates 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, equities research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current 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.