Jefferies Financial Group Inc. Purchases Shares of 18,109 Deckers Outdoor Co. (NYSE:DECK)

Jefferies Financial Group Inc. purchased a new stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,109 shares of the textile maker's stock, valued at approximately $3,678,000.

A number of other large investors have also made changes to their positions in DECK. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new position in Deckers Outdoor in the 4th quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. increased its stake in Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after buying an additional 120 shares during the period. Itau Unibanco Holding S.A. increased its stake in Deckers Outdoor by 352.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after buying an additional 169 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its stake in Deckers Outdoor by 404.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock valued at $51,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DECK shares. Needham & Company LLC reiterated a "buy" rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Bank of America increased their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Stifel Nicolaus dropped their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Barclays dropped their price target on shares of Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Truist Financial dropped their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.16.

Insider Buying and Selling at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of the 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 completion of the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's 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 sale, the director now directly owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. The trade was 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 Stock Up 0.7%

Deckers Outdoor stock traded up $0.88 during mid-day trading on Friday, reaching $127.82. The company had a trading volume of 2,156,780 shares, compared to its average volume of 2,427,493. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98. The company has a 50 day moving average of $114.05 and a 200-day moving average of $159.82. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 1.68 and a beta of 1.11.

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.