Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,423,149 shares of the textile maker's stock after acquiring an additional 145,794 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.94% of Deckers Outdoor worth $289,027,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DECK. Allspring Global Investments Holdings LLC raised its stake in shares of Deckers Outdoor by 109.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock valued at $91,965,000 after acquiring an additional 235,091 shares in the last quarter. Navellier & Associates Inc. increased its holdings in Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock worth $6,053,000 after purchasing an additional 1,791 shares during the period. Wilmington Savings Fund Society FSB raised its position in Deckers Outdoor by 62.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock valued at $1,407,000 after purchasing an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Deckers Outdoor by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock valued at $203,300,000 after buying an additional 32,318 shares during the period. Finally, Amundi grew its position in shares of Deckers Outdoor by 11.0% during the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker's stock worth $225,855,000 after buying an additional 108,054 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DECK. Needham & Company LLC reduced their target price on shares of Deckers Outdoor from $246.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday. Piper Sandler reduced their price objective on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Stifel Nicolaus lowered their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Telsey Advisory Group restated an "outperform" rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, May 16th. Finally, UBS Group lifted their price target on Deckers Outdoor from $150.00 to $158.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Deckers Outdoor currently has an average rating of "Moderate Buy" and an average price target of $157.79.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $123.50 on Thursday. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98. The stock has a market capitalization of $18.74 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.68 and a beta of 1.11. The company has a 50-day simple moving average of $114.65 and a 200-day simple moving average of $158.78.

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.

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