Nuveen Asset Management LLC Boosts Position in Deckers Outdoor Co. (NYSE:DECK)

Nuveen Asset Management LLC grew its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 635,140 shares of the textile maker's stock after acquiring an additional 17,940 shares during the quarter. Nuveen Asset Management LLC owned 0.42% of Deckers Outdoor worth $128,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DECK. JPMorgan Chase & Co. lifted its position in shares of Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the period. Park Avenue Securities LLC grew its stake in shares of Deckers Outdoor by 39.1% in the 4th quarter. Park Avenue Securities LLC now owns 20,360 shares of the textile maker's stock valued at $4,135,000 after buying an additional 5,727 shares during the period. RMR Wealth Builders bought a new stake in Deckers Outdoor in the 4th quarter valued at about $383,000. Ritholtz Wealth Management raised its stake in Deckers Outdoor by 10.2% during the 4th quarter. Ritholtz Wealth Management now owns 2,928 shares of the textile maker's stock worth $595,000 after buying an additional 270 shares during the period. Finally, Retireful LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $1,459,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Up 1.3%

DECK traded up $1.71 during trading hours on Tuesday, hitting $129.12. The stock had a trading volume of 3,403,770 shares, compared to its average volume of 2,435,577. The company's fifty day simple moving average is $114.55 and its 200 day simple moving average is $159.03. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98. The stock has a market cap of $19.60 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Stifel Nicolaus lowered their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and lowered their price target for the company from $235.00 to $150.00 in a research report on Thursday, April 10th. Finally, Barclays lowered their price target on Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $162.84.

Insider Activity

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 owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 10,388 shares of the company's stock, 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. Corporate insiders own 0.40% of the company's stock.

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.