DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Grows Stake in Deckers Outdoor Co. (NYSE:DECK)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 947,429 shares of the textile maker's stock after buying an additional 122,757 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.62% of Deckers Outdoor worth $192,413,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Deckers Outdoor by 1.3% during the 4th 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 in the last quarter. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 45,035 shares during the period. Norges Bank purchased a new stake in Deckers Outdoor during the 4th quarter worth about $392,583,000. Northern Trust Corp grew its holdings in Deckers Outdoor by 13.9% during the 4th quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock valued at $321,228,000 after buying an additional 192,469 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Deckers Outdoor by 6.4% during the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock valued at $265,262,000 after buying an additional 78,623 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Activity

In related news, Director David Powers sold 25,000 shares of the stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The shares were 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 in the company, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Deckers Outdoor from $210.00 to $115.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Needham & Company LLC reissued a "buy" rating and set a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. 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. KeyCorp decreased their price objective on shares of Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Finally, Raymond James raised shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and decreased their price target for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $167.55.

Deckers Outdoor Price Performance

Deckers Outdoor stock traded down $4.44 during trading hours on Friday, reaching $121.18. The stock had a trading volume of 2,249,144 shares, compared to its average volume of 2,412,751. The company has a fifty day simple moving average of $114.18 and a 200-day simple moving average of $160.79. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98. The stock has a market cap of $18.39 billion, a PE ratio of 19.65, a PEG ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

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.