Allspring Global Investments Holdings LLC Trims Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Allspring Global Investments Holdings LLC lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,993 shares of the textile maker’s stock after selling 1,642 shares during the period. Allspring Global Investments Holdings LLC owned 0.19% of Deckers Outdoor worth $47,056,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DECK. Handelsbanken Fonder AB boosted its holdings in Deckers Outdoor by 12.4% in the 4th quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock valued at $3,639,000 after purchasing an additional 600 shares during the period. Intrust Bank NA increased its stake in Deckers Outdoor by 1.3% in the 4th quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock worth $1,976,000 after acquiring an additional 38 shares during the last quarter. Cim LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $2,311,000. Advisor Resource Council bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $970,000. Finally, Advisors Preferred LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth about $2,271,000. 97.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Deckers Outdoor news, insider Thomas Garcia sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the completion of the sale, the insider now directly owns 11,654 shares in the company, valued at approximately $12,526,418.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,101 shares of company stock valued at $28,858,562. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DECK has been the subject of several research analyst reports. Bank of America lifted their target price on shares of Deckers Outdoor from $860.00 to $1,020.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Robert W. Baird raised their price target on Deckers Outdoor from $975.00 to $1,050.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. TD Cowen upped their price objective on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Telsey Advisory Group raised their price objective on Deckers Outdoor from $985.00 to $1,100.00 and gave the company an “outperform” rating in a report on Tuesday, May 28th. Finally, KeyCorp upped their target price on Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,023.44.

Deckers Outdoor Price Performance

DECK stock opened at $936.84 on Thursday. The firm has a 50-day moving average of $955.68 and a 200 day moving average of $866.22. The company has a market cap of $23.83 billion, a P/E ratio of 31.98, a PEG ratio of 3.24 and a beta of 1.06. Deckers Outdoor Co. has a 1 year low of $484.02 and a 1 year high of $1,106.89.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The firm had revenue of $959.76 million during the quarter, compared to analyst estimates of $892.00 million. During the same quarter in the prior year, the company earned $3.46 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts expect that Deckers Outdoor Co. will post 30.59 earnings per share for the current fiscal year.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.