Raymond James Financial Inc. Acquires New Position in Deckers Outdoor Co. (NYSE:DECK)

Raymond James Financial Inc. bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 913,147 shares of the textile maker's stock, valued at approximately $185,451,000. Raymond James Financial Inc. owned approximately 0.60% of Deckers Outdoor as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in DECK. Allspring Global Investments Holdings LLC lifted its holdings in Deckers Outdoor by 109.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock worth $91,965,000 after purchasing an additional 235,091 shares during the last quarter. Navellier & Associates Inc. grew its holdings in shares of Deckers Outdoor by 6.4% in the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock worth $6,053,000 after purchasing an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Deckers Outdoor by 62.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock valued at $1,407,000 after purchasing an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Deckers Outdoor by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock valued at $203,300,000 after acquiring an additional 32,318 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Deckers Outdoor by 25.7% in the 4th quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker's stock valued at $101,457,000 after buying an additional 102,134 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently commented on DECK. Stifel Nicolaus upped their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a report on Friday, January 31st. Barclays increased their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Jefferies Financial Group upped their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Wells Fargo & Company dropped their price target on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Finally, 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. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $197.41.

Deckers Outdoor Stock Performance

DECK traded down $6.89 on Monday, hitting $119.83. 814,173 shares of the company were exchanged, compared to its average volume of 3,113,885. The stock has a market capitalization of $18.19 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The firm has a fifty day simple moving average of $179.75 and a two-hundred day simple moving average of $159.83. Deckers Outdoor Co. has a 12 month low of $120.01 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, equities analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other news, CEO Caroti Stefano sold 14,274 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Thursday, March 6th. The shares were 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 in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,574 shares of company stock worth $6,485,189. 0.40% of the stock is owned by company insiders.

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.