Allianz SE Invests $726,000 in Deckers Outdoor Co. (NYSE:DECK)

Allianz SE acquired a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,530 shares of the textile maker's stock, valued at approximately $726,000.

Several other hedge funds have also recently added to or reduced their stakes in DECK. Allstate Corp purchased a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $888,000. Orion Portfolio Solutions LLC increased its position in Deckers Outdoor by 8.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 24,115 shares of the textile maker's stock worth $4,898,000 after buying an additional 1,791 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Deckers Outdoor by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 66,729 shares of the textile maker's stock worth $13,552,000 after acquiring an additional 238 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at $5,247,000. Finally, Norges Bank acquired a new stake in shares of Deckers Outdoor during the fourth quarter valued at $392,583,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The stock was 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 of the company's stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred 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 sale, the director now 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 disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

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Deckers Outdoor Stock Performance

Shares of NYSE:DECK traded up $5.16 during midday trading on Friday, hitting $106.04. 8,967,462 shares of the company's stock traded hands, compared to its average volume of 2,352,984. The firm's fifty day moving average price is $142.96 and its two-hundred day moving average price is $169.66. Deckers Outdoor Co. has a twelve month low of $93.92 and a twelve month high of $223.98. The company has a market cap of $16.09 billion, a PE ratio of 17.19, a P/E/G ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $181.00 to $185.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. KeyCorp lifted their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a research note 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's stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of "Moderate Buy" and a consensus target price of $197.41.

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.