Envestnet Asset Management Inc. Raises Stake in Deckers Outdoor Co. (NYSE:DECK)

Envestnet Asset Management Inc. boosted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 101.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,003,743 shares of the textile maker's stock after acquiring an additional 505,139 shares during the quarter. Envestnet Asset Management Inc. owned about 0.66% of Deckers Outdoor worth $203,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DECK. Allspring Global Investments Holdings LLC lifted its stake in Deckers Outdoor by 109.6% in the fourth 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. raised its holdings in shares of Deckers Outdoor by 6.4% in the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock worth $6,053,000 after buying an additional 1,791 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in shares of 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 worth $1,407,000 after acquiring an additional 2,668 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Deckers Outdoor by 3.3% during 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 during the period. Finally, Amundi boosted its holdings in Deckers Outdoor by 11.0% during the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker's stock valued at $225,855,000 after acquiring an additional 108,054 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DECK. Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a research report on Friday, February 7th. Piper Sandler decreased their price objective on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a report on Friday. Barclays upped their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. KeyCorp lifted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, UBS Group boosted their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of "Moderate Buy" and a consensus target price of $187.89.

Deckers Outdoor Stock Performance

DECK traded down $0.69 on Friday, hitting $108.94. The company had a trading volume of 3,588,024 shares, compared to its average volume of 2,377,869. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.68 and a beta of 1.07. The stock has a fifty day moving average price of $130.39 and a 200-day moving average price of $167.45. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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 forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Maha Saleh Ibrahim sold 300 shares of the 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 completion of the transaction, the director now directly owns 10,388 shares of the company's stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

About Deckers Outdoor

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.