Charles Schwab Investment Management Inc. Raises Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Charles Schwab Investment Management Inc. lifted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,001,033 shares of the textile maker's stock after purchasing an additional 32,318 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.66% of Deckers Outdoor worth $203,300,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Resonant Capital Advisors LLC lifted its holdings in shares of Deckers Outdoor by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock worth $489,000 after buying an additional 52 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Deckers Outdoor by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after acquiring an additional 54 shares during the period. Mather Group LLC. lifted its stake in Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock worth $521,000 after purchasing an additional 64 shares in the last quarter. WD Rutherford LLC boosted its holdings in Deckers Outdoor by 4.8% in the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock valued at $352,000 after purchasing an additional 79 shares during the period. Finally, Atomi Financial Group Inc. grew its position in shares of Deckers Outdoor by 6.5% during the 4th quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker's stock valued at $273,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

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Deckers Outdoor Trading Down 4.4 %

DECK stock traded down $5.53 during midday trading on Monday, hitting $121.20. The company had a trading volume of 4,067,992 shares, compared to its average volume of 3,193,175. Deckers Outdoor Co. has a 52 week low of $119.30 and a 52 week high of $223.98. The stock has a market cap of $18.39 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.68 and a beta of 1.10. The stock's 50 day moving average price is $179.75 and its 200 day moving average price is $159.83.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 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%. Analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on DECK. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Evercore ISI raised their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Truist Financial cut their price objective on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, January 31st. Citigroup raised shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a research note on Friday, February 7th. Finally, KeyCorp boosted their price target 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. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $197.41.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction 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 sale, the director now owns 10,388 shares of the company's stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The sale 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 company's stock in a transaction on Friday, February 28th. The stock was 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 of the company's stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,574 shares of company stock worth $6,485,189. Company 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.