Deckers Outdoor Co. (NYSE:DECK) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH boosted its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 258.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,874 shares of the textile maker's stock after acquiring an additional 4,236 shares during the period. Siemens Fonds Invest GmbH's holdings in Deckers Outdoor were worth $1,121,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after acquiring an additional 120 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in Deckers Outdoor by 352.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock worth $44,000 after purchasing an additional 169 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in Deckers Outdoor by 404.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock worth $51,000 after purchasing an additional 202 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Shares of DECK stock traded up $1.71 during mid-day trading on Tuesday, hitting $129.12. 3,403,770 shares of the stock were exchanged, compared to its average volume of 2,437,817. The stock's fifty day simple moving average is $114.55 and its two-hundred day simple moving average is $159.03. The stock has a market capitalization of $19.60 billion, a price-to-earnings ratio of 20.93, a P/E/G 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.

Analyst Ratings Changes

A number of research analysts have commented on DECK shares. Barclays decreased their price target on Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company upped their price target on Deckers Outdoor from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Stifel Nicolaus cut 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. Citigroup cut their price objective on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $162.84.

Insider Buying and Selling

In related news, Director David Powers sold 25,000 shares of the firm's stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were 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 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. 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.