Deckers Outdoor Co. (NYSE:DECK) Holdings Lifted by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,070 shares of the textile maker's stock after purchasing an additional 2,834 shares during the quarter. ProShare Advisors LLC's holdings in Deckers Outdoor were worth $4,482,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings 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 worth $3,582,464,000 after purchasing an additional 229,807 shares during the period. Geode Capital Management LLC boosted its position in 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 during the last quarter. Norges Bank acquired a new stake in Deckers Outdoor during the fourth quarter valued at $392,583,000. Northern Trust Corp boosted 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 valued at $321,228,000 after purchasing an additional 192,469 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in 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 purchasing an additional 78,623 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $127.22 on Tuesday. 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 fifty day moving average price of $114.30 and a two-hundred day moving average price of $159.24. The company has a market cap of $19.31 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Wall Street Analyst Weigh In

A number of research firms recently commented on DECK. Telsey Advisory Group restated an "outperform" rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Friday. Stifel Nicolaus dropped their price objective on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Needham & Company LLC reiterated a "buy" rating and issued a $246.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Wells Fargo & Company upped their price objective on shares of Deckers Outdoor from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Nine investment 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 stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and an average price target of $162.16.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the business's stock in a transaction 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 sale, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. The trade was a 9.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Deckers Outdoor Company 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.

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