Cetera Investment Advisers Purchases 8,368 Shares of Deckers Outdoor Co. (NYSE:DECK)

Cetera Investment Advisers boosted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 22.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,830 shares of the textile maker's stock after buying an additional 8,368 shares during the quarter. Cetera Investment Advisers' holdings in Deckers Outdoor were worth $9,308,000 as of its most recent SEC filing.

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

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred 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 directly owns 10,388 shares of the company's stock, valued at $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 is available through the SEC website. Also, Director David Powers sold 25,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was 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 owns 241,777 shares in the company, valued at $33,568,318.68. The trade was 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 company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on DECK. Citigroup dropped their target price on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company raised their price target on Deckers Outdoor from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Wednesday. Truist Financial cut their price objective on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, January 31st. UBS Group raised their price objective on Deckers Outdoor from $150.00 to $158.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Jefferies Financial Group upped their target price on Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $162.16.

Deckers Outdoor Price Performance

DECK stock traded down $0.45 during trading on Thursday, reaching $126.91. The company had a trading volume of 2,255,008 shares, compared to its average volume of 2,428,315. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98. The business has a 50 day moving average of $113.93 and a 200 day moving average of $160.11. The company has a market cap of $19.26 billion, a P/E ratio of 20.57, a PEG ratio of 1.68 and a beta of 1.11.

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.