Deckers Outdoor Co. (NYSE:DECK) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 497.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 390,874 shares of the textile maker's stock after acquiring an additional 325,451 shares during the quarter. Franklin Resources Inc. owned 0.26% of Deckers Outdoor worth $62,825,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its position in Deckers Outdoor by 3,540.6% during the third quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker's stock worth $24,206,000 after acquiring an additional 147,642 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Deckers Outdoor during the 3rd quarter worth approximately $679,000. Sanctuary Advisors LLC lifted its stake in Deckers Outdoor by 611.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 37,105 shares of the textile maker's stock valued at $5,916,000 after buying an additional 31,886 shares in the last quarter. Anchor Investment Management LLC grew its holdings in Deckers Outdoor by 500.0% during the 3rd quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker's stock valued at $80,000 after buying an additional 420 shares during the last quarter. Finally, Passumpsic Savings Bank increased its position in Deckers Outdoor by 477.8% during the third quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker's stock worth $4,352,000 after buying an additional 22,572 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. UBS Group upped their price objective on Deckers Outdoor from $226.00 to $232.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Guggenheim began coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They set a "neutral" rating on the stock. Needham & Company LLC boosted their price objective on shares of Deckers Outdoor from $218.00 to $226.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Telsey Advisory Group upped their price objective on shares of Deckers Outdoor from $183.00 to $190.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on shares of Deckers Outdoor from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $158.59.

Insider Activity

In related news, CFO Steven J. Fasching sold 9,198 shares of the firm's stock in a transaction on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the transaction, the chief financial officer now directly owns 161,838 shares in the company, valued at $26,973,539.46. This trade represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares of the company's stock, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,234 shares of company stock worth $15,248,513. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Price Performance

DECK traded down $0.74 on Tuesday, reaching $210.38. The company's stock had a trading volume of 1,709,687 shares, compared to its average volume of 2,205,904. Deckers Outdoor Co. has a 1 year low of $108.65 and a 1 year high of $213.03. The business's 50 day moving average is $177.93 and its 200 day moving average is $94.34. The stock has a market cap of $31.96 billion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share. As a group, research analysts forecast that Deckers Outdoor Co. will post 5.49 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.