Deckers Outdoor Co. (NYSE:DECK) Stake Boosted by Baird Financial Group Inc.

Baird Financial Group Inc. increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 846.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,119 shares of the textile maker’s stock after buying an additional 32,303 shares during the quarter. Baird Financial Group Inc.’s holdings in Deckers Outdoor were worth $7,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock valued at $91,965,000 after purchasing an additional 235,091 shares in the last quarter. Navellier & Associates Inc. increased its stake in shares of Deckers Outdoor by 6.4% in the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock worth $6,053,000 after acquiring an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Deckers Outdoor by 62.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock worth $1,407,000 after acquiring an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Deckers Outdoor by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock valued at $203,300,000 after purchasing an additional 32,318 shares during the last quarter. Finally, Amundi grew its stake in Deckers Outdoor by 11.0% in the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock valued at $225,855,000 after purchasing an additional 108,054 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $125.83 on Friday. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The firm has a market cap of $19.10 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The firm’s 50-day simple moving average is $114.43 and its 200-day simple moving average is $160.95.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 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%. On average, equities analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 owns 10,388 shares in the company, valued at $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 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 disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DECK has been the subject of several recent research reports. 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 note on Thursday, April 10th. Stifel Nicolaus decreased their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Wells Fargo & Company cut their target price on Deckers Outdoor from $210.00 to $115.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.55.

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.