Baird Financial Group Inc. Has $7.34 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Baird Financial Group Inc. boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 846.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,119 shares of the textile maker's stock after buying an additional 32,303 shares during the period. Baird Financial Group Inc.'s holdings in Deckers Outdoor were worth $7,335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DECK. Principal Financial Group Inc. boosted its stake in shares of Deckers Outdoor by 512.9% in the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker's stock valued at $63,371,000 after purchasing an additional 332,590 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after purchasing an additional 1,170,855 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Deckers Outdoor by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 12,362 shares of the textile maker's stock valued at $2,548,000 after purchasing an additional 596 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Deckers Outdoor by 1.6% in the 4th quarter. Fulton Bank N.A. now owns 10,139 shares of the textile maker's stock valued at $2,059,000 after purchasing an additional 161 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock valued at $45,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Activity at Deckers Outdoor

In related 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 completion of the transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the business'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 value of $3,471,000.00. Following the completion of the transaction, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. This represents a 9.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Deckers Outdoor Stock Down 0.3%

Shares of DECK traded down $0.39 on Wednesday, hitting $128.98. The company's stock had a trading volume of 1,086,412 shares, compared to its average volume of 2,421,227. The firm's fifty day moving average price is $113.98 and its 200-day moving average price is $160.56. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.68 and a beta of 1.11.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DECK shares. Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. UBS Group lifted their price target on Deckers Outdoor from $150.00 to $158.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $240.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Stifel Nicolaus cut their price target on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Deckers Outdoor currently has an average rating of "Moderate Buy" and an average target price of $162.16.

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.