Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Corebridge Financial Inc.

Corebridge Financial Inc. raised its position in Deckers Outdoor Co. (NYSE:DECK) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,651 shares of the textile maker’s stock after acquiring an additional 5,028 shares during the quarter. Corebridge Financial Inc.’s holdings in Deckers Outdoor were worth $9,271,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Deckers Outdoor by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock valued at $3,582,464,000 after purchasing an additional 229,807 shares in the last quarter. LPL Financial LLC grew its stake in shares of Deckers Outdoor by 30.3% during the fourth quarter. LPL Financial LLC now owns 196,013 shares of the textile maker’s stock valued at $39,808,000 after acquiring an additional 45,552 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of Deckers Outdoor by 16.6% during the fourth quarter. Fox Run Management L.L.C. now owns 10,225 shares of the textile maker’s stock worth $2,077,000 after acquiring an additional 1,458 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Deckers Outdoor in the fourth quarter worth about $20,390,000. Finally, Sei Investments Co. boosted its holdings in Deckers Outdoor by 37.2% in the fourth quarter. Sei Investments Co. now owns 292,466 shares of the textile maker’s stock valued at $59,398,000 after purchasing an additional 79,270 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DECK shares. Wells Fargo & Company cut their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus increased their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. UBS Group increased their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Truist Financial lowered their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $197.41.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the 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 transaction, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 approximately $33,568,318.68. This trade represents a 9.37 % 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 Trading Down 1.0 %

NYSE DECK opened at $116.95 on Friday. The company has a 50-day moving average price of $155.43 and a two-hundred day moving average price of $167.03. Deckers Outdoor Co. has a 52 week low of $112.10 and a 52 week high of $223.98. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

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.