Siemens Fonds Invest GmbH Has $1.12 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Siemens Fonds Invest GmbH grew its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 258.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,874 shares of the textile maker's stock after purchasing an additional 4,236 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Deckers Outdoor were worth $1,121,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cim LLC lifted its stake in shares of Deckers Outdoor by 11.8% in the fourth quarter. Cim LLC now owns 21,050 shares of the textile maker's stock worth $4,275,000 after acquiring an additional 2,230 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Deckers Outdoor in the fourth quarter worth about $21,531,000. Jefferies Financial Group Inc. acquired a new position in shares of Deckers Outdoor in the fourth quarter worth about $3,678,000. Integrated Advisors Network LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth about $841,000. Finally, Mackenzie Financial Corp lifted its stake in shares of Deckers Outdoor by 18.8% in the fourth quarter. Mackenzie Financial Corp now owns 16,069 shares of the textile maker's stock worth $3,263,000 after acquiring an additional 2,540 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on DECK. Piper Sandler cut their price target on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company lowered their price objective on Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Friday, May 23rd. KeyCorp reaffirmed a "sector weight" rating and set a $150.00 target price on shares of Deckers Outdoor in a report on Friday, May 23rd. Telsey Advisory Group lowered Deckers Outdoor from an "outperform" rating to a "market perform" rating in a report on Friday, May 23rd. Finally, Bank of America lowered their target price on Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Thirteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of "Moderate Buy" and a consensus target price of $134.68.

Deckers Outdoor Price Performance

Shares of DECK traded down $1.70 during trading hours on Friday, hitting $105.57. 4,410,632 shares of the company were exchanged, compared to its average volume of 2,558,260. The company has a market capitalization of $16.02 billion, a PE ratio of 17.11, a PEG ratio of 1.68 and a beta of 1.11. The firm has a fifty day simple moving average of $113.07 and a 200-day simple moving average of $155.76. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released 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. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. The company's revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS. Sell-side analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

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

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction 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 sale, the director now owns 10,388 shares of the company's stock, valued at $1,396,978.24. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor 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.