Allspring Global Investments Holdings LLC Boosts Stock Position in Deckers Outdoor Corporation $DECK

Allspring Global Investments Holdings LLC boosted its position in Deckers Outdoor Corporation (NYSE:DECK) by 24.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 407,698 shares of the textile maker’s stock after purchasing an additional 81,345 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.28% of Deckers Outdoor worth $43,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Investment Management Ltd purchased a new position in shares of Deckers Outdoor during the 3rd quarter worth $2,027,000. Assenagon Asset Management S.A. grew its position in shares of Deckers Outdoor by 208.4% in the third quarter. Assenagon Asset Management S.A. now owns 178,664 shares of the textile maker’s stock valued at $18,111,000 after purchasing an additional 120,735 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Deckers Outdoor by 46.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker’s stock valued at $6,062,000 after purchasing an additional 18,900 shares during the period. Nordea Investment Management AB increased its stake in Deckers Outdoor by 980.5% in the third quarter. Nordea Investment Management AB now owns 359,343 shares of the textile maker’s stock valued at $36,312,000 after purchasing an additional 326,086 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Deckers Outdoor by 15.1% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 56,370 shares of the textile maker’s stock valued at $5,703,000 after purchasing an additional 7,384 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director owned 25,026 shares of the company’s stock, valued at $2,873,985.84. This represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the transaction, the insider directly owned 80,449 shares in the company, valued at approximately $9,333,692.98. This represents a 4.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,092 shares of company stock valued at $1,048,552 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Stifel Nicolaus raised their price target on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Evercore set a $108.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 30th. UBS Group reiterated a “buy” rating and set a $161.00 price objective (up from $157.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Argus raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $120.00 target price (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.20.

Deckers Outdoor Trading Up 0.8%

DECK stock opened at $100.91 on Thursday. The company has a market cap of $14.32 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 2.28 and a beta of 1.21. The stock has a 50-day moving average price of $108.18 and a two-hundred day moving average price of $101.28. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $133.43.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping 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 company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $3.00 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor Profile

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.