Allspring Global Investments Holdings LLC Purchases 235,091 Shares of Deckers Outdoor Co. (NYSE:DECK)

Allspring Global Investments Holdings LLC lifted its holdings in Deckers Outdoor Co. (NYSE:DECK) by 109.6% during the fourth quarter, HoldingsChannel reports. The firm owned 449,683 shares of the textile maker’s stock after purchasing an additional 235,091 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Deckers Outdoor were worth $91,965,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Resonant Capital Advisors LLC increased its position in Deckers Outdoor by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock worth $489,000 after buying an additional 52 shares during the period. Bleakley Financial Group LLC grew its stake in shares of Deckers Outdoor by 3.9% in the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. increased its position in Deckers Outdoor by 2.6% during the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after acquiring an additional 64 shares during the period. Atomi Financial Group Inc. raised its stake in Deckers Outdoor by 6.5% during the 4th quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 82 shares during the last quarter. Finally, CX Institutional boosted its holdings in Deckers Outdoor by 4.3% in the 4th quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock valued at $522,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

DECK has been the topic of several research reports. Robert W. Baird boosted their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. TD Cowen upped their price target on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. UBS Group lifted their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Stifel Nicolaus boosted their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Finally, Barclays raised their target price on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $197.41.

Insider Transactions at Deckers Outdoor

In other news, CEO Caroti Stefano sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the sale, the chief executive officer now directly owns 273,540 shares of the company’s stock, valued at $48,069,184.20. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the sale, the insider now directly owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,956 shares of company stock worth $10,387,731. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Down 2.3 %

NYSE:DECK opened at $153.97 on Thursday. The firm has a market cap of $23.37 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07. Deckers Outdoor Co. has a 12 month low of $131.39 and a 12 month high of $223.98. The company’s 50-day moving average price is $200.84 and its two-hundred day moving average price is $144.80.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

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.