Janus Henderson Group PLC Increases Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Janus Henderson Group PLC grew its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 127.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,296 shares of the textile maker's stock after acquiring an additional 43,918 shares during the period. Janus Henderson Group PLC owned 0.05% of Deckers Outdoor worth $15,912,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on DECK shares. Guggenheim reaffirmed a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Needham & Company LLC reissued a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Jefferies Financial Group boosted their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. Stifel Nicolaus cut their price target on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, Truist Financial reduced their price target on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor presently has an average rating of "Moderate Buy" and an average price target of $162.16.

Insider Buying and Selling

In related news, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, 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 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 Down 0.5%

Shares of NYSE:DECK traded down $0.69 during midday trading on Monday, reaching $127.22. 2,259,647 shares of the company traded hands, compared to its average volume of 2,431,687. The firm's fifty day moving average price is $114.19 and its two-hundred day moving average price is $159.45. The firm has a market capitalization of $19.31 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98.

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.