Deckers Outdoor Co. (NYSE:DECK) Stock Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 512.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 397,434 shares of the textile maker's stock after acquiring an additional 332,590 shares during the quarter. Principal Financial Group Inc. owned approximately 0.26% of Deckers Outdoor worth $63,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Solstein Capital LLC lifted its holdings in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock worth $26,000 after acquiring an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Deckers Outdoor by 460.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker's stock worth $27,000 after buying an additional 23 shares during the last quarter. Bell Investment Advisors Inc raised its position in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock worth $28,000 after buying an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker's stock worth $32,000 after buying an additional 200 shares during the period. Finally, Crewe Advisors LLC acquired a new position in Deckers Outdoor in the second quarter valued at $34,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

Shares of DECK traded up $5.69 during mid-day trading on Friday, reaching $210.97. 3,713,241 shares of the company's stock traded hands, compared to its average volume of 2,208,401. Deckers Outdoor Co. has a 12 month low of $108.65 and a 12 month high of $214.70. The business's 50-day moving average price is $181.65 and its 200-day moving average price is $99.32. The stock has a market capitalization of $32.05 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company's revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. Equities research analysts anticipate that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a "buy" rating in a research note on Friday, October 25th. TD Cowen raised their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Guggenheim began coverage on Deckers Outdoor in a report on Wednesday, October 9th. They issued a "neutral" rating for the company. Finally, BTIG Research lowered shares of Deckers Outdoor from a "buy" rating to a "neutral" rating in a report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $158.59.

Insider Activity

In other news, insider Angela Ogbechie sold 1,278 shares of the firm's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the transaction, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Anne Spangenberg sold 3,882 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total transaction of $723,721.26. Following the completion of the sale, the insider now owns 67,434 shares in the company, valued at $12,571,720.62. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,234 shares of company stock worth $15,248,513 over the last three months. Corporate insiders own 0.40% of the company's stock.

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.