Principal Financial Group Inc. Has $65.72 Million Stock Holdings in Deckers Outdoor Corporation (NYSE:DECK)

Principal Financial Group Inc. boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 17.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 587,747 shares of the textile maker's stock after purchasing an additional 88,179 shares during the period. Principal Financial Group Inc. owned about 0.39% of Deckers Outdoor worth $65,716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DECK. Prosperity Wealth Management Inc. grew its stake in Deckers Outdoor by 2.8% during the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock worth $564,000 after buying an additional 75 shares during the last quarter. HighPoint Advisor Group LLC grew its stake in shares of Deckers Outdoor by 5.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,623 shares of the textile maker's stock valued at $330,000 after purchasing an additional 81 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Deckers Outdoor by 4.6% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,902 shares of the textile maker's stock valued at $386,000 after acquiring an additional 84 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Deckers Outdoor by 1.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,896 shares of the textile maker's stock valued at $1,016,000 after acquiring an additional 90 shares in the last quarter. Finally, Alcosta Capital Management Inc. boosted its stake in shares of Deckers Outdoor by 0.3% in the fourth quarter. Alcosta Capital Management Inc. now owns 33,787 shares of the textile maker's stock valued at $6,862,000 after buying an additional 90 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 6,244 shares of Deckers Outdoor stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the sale, the insider owned 19,980 shares of the company's stock, valued at approximately $2,075,722.20. The trade was a 23.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cindy L. Davis bought 1,825 shares of the stock in a transaction on Friday, June 6th. The shares were acquired at an average cost of $109.76 per share, with a total value of $200,312.00. Following the acquisition, the director directly owned 13,340 shares in the company, valued at approximately $1,464,198.40. This trade represents a 15.85% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Down 0.4%

Shares of DECK stock traded down $0.41 during trading hours on Wednesday, reaching $104.88. 1,648,974 shares of the company's stock were exchanged, compared to its average volume of 2,646,380. The business has a fifty day moving average price of $110.87 and a 200-day moving average price of $138.49. The stock has a market capitalization of $15.67 billion, a P/E ratio of 16.52, a P/E/G ratio of 6.43 and a beta of 0.99. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $0.82 earnings per share. The company's revenue was up 6.5% on a year-over-year basis. As a group, research analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor declared that its board has authorized a share repurchase program on Thursday, May 22nd that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the textile maker to buy up to 11.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

DECK has been the topic of several recent research reports. Stifel Nicolaus reduced their price objective on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. UBS Group set a $169.00 price objective on shares of Deckers Outdoor and gave the company a "buy" rating in a research note on Friday, May 23rd. KeyCorp reissued a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 23rd. KGI Securities upgraded Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. Finally, Evercore ISI reiterated an "in-line" rating and set a $110.00 target price (down from $235.00) on shares of Deckers Outdoor in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $137.66.

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.