Zurich Insurance Group Ltd FI Has $84.87 Million Stake in Deckers Outdoor Co. (NYSE:DECK)

Zurich Insurance Group Ltd FI lifted its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 89.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 417,882 shares of the textile maker’s stock after acquiring an additional 197,400 shares during the quarter. Zurich Insurance Group Ltd FI owned approximately 0.28% of Deckers Outdoor worth $84,868,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in Deckers Outdoor during the 4th quarter worth about $29,000. Global Trust Asset Management LLC acquired a new position in Deckers Outdoor during the 4th quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after buying an additional 120 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in Deckers Outdoor by 352.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker’s stock worth $44,000 after buying an additional 169 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its holdings in Deckers Outdoor by 404.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker’s stock worth $51,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of DECK opened at $127.22 on Tuesday. The stock has a 50 day moving average price of $114.30 and a two-hundred day moving average price of $159.24. The firm has a market capitalization of $19.31 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays cut their target price on Deckers Outdoor from $231.00 to $129.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Citigroup lowered their price objective on Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price objective on Deckers Outdoor from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 14th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.16.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value 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 $1,396,978.24. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. The trade was 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 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.