Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI lifted its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,445 shares of the textile maker's stock after acquiring an additional 11,793 shares during the period. National Bank of Canada FI owned 0.05% of Deckers Outdoor worth $15,728,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its position in shares of Deckers Outdoor by 605.5% in the third quarter. Public Sector Pension Investment Board now owns 6,688 shares of the textile maker's stock worth $1,066,000 after buying an additional 5,740 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Deckers Outdoor by 431.6% during the 3rd quarter. Captrust Financial Advisors now owns 7,362 shares of the textile maker's stock valued at $1,174,000 after acquiring an additional 5,977 shares during the last quarter. Benjamin Edwards Inc. increased its position in Deckers Outdoor by 32,965.2% in the third quarter. Benjamin Edwards Inc. now owns 7,605 shares of the textile maker's stock worth $1,213,000 after purchasing an additional 7,582 shares during the last quarter. Hilltop Holdings Inc. purchased a new stake in Deckers Outdoor during the third quarter valued at $453,000. Finally, HighTower Advisors LLC lifted its position in Deckers Outdoor by 271.5% during the third quarter. HighTower Advisors LLC now owns 49,488 shares of the textile maker's stock valued at $7,975,000 after purchasing an additional 36,167 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DECK. Raymond James raised shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and lowered their price target for the company from $235.00 to $150.00 in a report on Thursday. Truist Financial cut their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Needham & Company LLC restated a "buy" rating and issued a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a research report on Friday, February 7th. Finally, Barclays lifted their price target 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. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $191.55.

Insiders Place Their Bets

In related news, Director David Powers sold 25,000 shares of the firm's stock in a transaction on 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 in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Trading Down 7.1 %

Shares of DECK traded down $8.22 during trading hours on Thursday, hitting $107.84. The company had a trading volume of 1,059,965 shares, compared to its average volume of 3,328,906. The company has a market capitalization of $16.37 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. The company's fifty day moving average price is $132.82 and its two-hundred day moving average price is $168.07. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate 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 earnings per share for the current year.

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.