Deckers Outdoor Corporation $DECK Stock Position Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in Deckers Outdoor Corporation (NYSE:DECK) by 37.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 590,820 shares of the textile maker’s stock after buying an additional 159,677 shares during the period. Russell Investments Group Ltd.’s holdings in Deckers Outdoor were worth $59,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Deckers Outdoor by 2.7% during the second quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock valued at $454,662,000 after buying an additional 114,779 shares during the last quarter. Invesco Ltd. boosted its position in shares of Deckers Outdoor by 19.4% during the second quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after buying an additional 452,081 shares during the period. Norges Bank bought a new position in Deckers Outdoor in the 2nd quarter worth approximately $223,036,000. Federated Hermes Inc. grew its holdings in Deckers Outdoor by 46.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after buying an additional 541,657 shares in the last quarter. Finally, TD Asset Management Inc increased its position in Deckers Outdoor by 9.2% in the 3rd quarter. TD Asset Management Inc now owns 1,378,343 shares of the textile maker’s stock valued at $139,723,000 after acquiring an additional 116,310 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on DECK. Sanford C. Bernstein set a $90.00 target price on Deckers Outdoor in a research note on Friday, January 30th. UBS Group reissued a “buy” rating and issued a $161.00 price target (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Guggenheim assumed coverage on Deckers Outdoor in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Piper Sandler restated an “underweight” rating and set a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Stifel Nicolaus upped their price objective on shares of Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus price target of $125.20.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $105.11 on Wednesday. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 2.38 and a beta of 1.15. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $133.43. The stock’s 50 day moving average price is $109.08 and its 200 day moving average price is $103.18.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company posted $3.00 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Insider Activity

In related news, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the transaction, the insider owned 42,461 shares of the company’s stock, valued at $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the transaction, the insider directly owned 80,449 shares in the company, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,092 shares of company stock worth $1,048,552 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.