Allstate Corp Acquires New Holdings in Deckers Outdoor Co. (NYSE:DECK)

Allstate Corp bought a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,370 shares of the textile maker's stock, valued at approximately $888,000.

A number of other institutional investors have also added to or reduced their stakes in DECK. Resonant Capital Advisors LLC grew its holdings in shares of Deckers Outdoor by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock worth $489,000 after purchasing an additional 52 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Deckers Outdoor by 3.9% during the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after buying an additional 54 shares in the last quarter. Mather Group LLC. increased its holdings in Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock valued at $521,000 after buying an additional 64 shares during the period. Prosperity Wealth Management Inc. raised its stake in shares of Deckers Outdoor by 2.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock valued at $564,000 after buying an additional 75 shares in the last quarter. Finally, WD Rutherford LLC lifted its holdings in shares of Deckers Outdoor by 4.8% during the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock worth $352,000 after acquiring an additional 79 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of brokerages have commented on DECK. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Barclays raised their target price on Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Citigroup raised Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price target on the stock in a research note on Friday, February 7th. UBS Group increased their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Truist Financial reduced their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $197.41.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction 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. The trade was a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

Shares of DECK stock traded down $17.04 on Thursday, reaching $100.95. 8,697,989 shares of the stock were exchanged, compared to its average volume of 2,328,577. The stock has a 50 day moving average price of $147.53 and a 200 day moving average price of $170.49. The stock has a market cap of $15.32 billion, a PE ratio of 16.37, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a one year low of $96.89 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) 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, research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

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.