Stifel Financial Corp Increases Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Stifel Financial Corp lifted its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,669 shares of the textile maker's stock after acquiring an additional 3,031 shares during the period. Stifel Financial Corp owned approximately 0.10% of Deckers Outdoor worth $31,818,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Deckers Outdoor by 109.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock valued at $91,965,000 after purchasing an additional 235,091 shares during the period. Navellier & Associates Inc. grew its position in Deckers Outdoor by 6.4% in the fourth 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 lifted its holdings in shares of Deckers Outdoor by 62.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock valued at $1,407,000 after acquiring an additional 2,668 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Deckers Outdoor by 3.3% in 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 purchasing an additional 32,318 shares in the last quarter. Finally, Amundi grew its holdings in shares of Deckers Outdoor by 11.0% in the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker's stock worth $225,855,000 after purchasing an additional 108,054 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research note on Friday, January 31st. KeyCorp reduced their price objective on Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday. Jefferies Financial Group lifted their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Raymond James raised shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. Finally, Evercore ISI boosted their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Deckers Outdoor presently has an average rating of "Moderate Buy" and an average target price of $179.83.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock traded up $2.54 during midday trading on Tuesday, hitting $111.69. 602,426 shares of the company traded hands, compared to its average volume of 2,369,650. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The firm's fifty day moving average price is $118.56 and its 200-day moving average price is $163.43. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results 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%. Equities research 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.