Price T Rowe Associates Inc. MD Buys 424,702 Shares of Deckers Outdoor Co. (NYSE:DECK)

Price T Rowe Associates Inc. MD lifted its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 69.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,034,191 shares of the textile maker's stock after acquiring an additional 424,702 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.68% of Deckers Outdoor worth $210,034,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of 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 in the last quarter. Navellier & Associates Inc. raised its holdings in Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock valued at $6,053,000 after acquiring an additional 1,791 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in shares of Deckers Outdoor by 62.6% in the fourth 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 period. Charles Schwab Investment Management Inc. grew its position in shares of Deckers Outdoor by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock valued at $203,300,000 after purchasing an additional 32,318 shares in the last quarter. Finally, Amundi raised its stake in shares of 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 purchasing an additional 108,054 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DECK. Jefferies Financial Group lifted their target price on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. 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 report on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Evercore ISI upped their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Finally, KeyCorp lowered their price objective on Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $179.83.

Deckers Outdoor Stock Performance

NYSE:DECK traded up $2.52 during midday trading on Tuesday, reaching $111.67. 1,872,783 shares of the stock traded hands, compared to its average volume of 2,374,579. The stock has a market capitalization of $16.95 billion, a P/E ratio of 18.10, a PEG ratio of 1.68 and a beta of 1.07. The company has a fifty day moving average of $118.56 and a 200 day moving average of $163.43. 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 posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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%. On average, analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Powers sold 25,000 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor 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.