Charles Schwab Investment Management Inc. Has $203.30 Million Position in Deckers Outdoor Co. (NYSE:DECK)

Charles Schwab Investment Management Inc. grew its position in Deckers Outdoor Co. (NYSE:DECK) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,001,033 shares of the textile maker’s stock after purchasing an additional 32,318 shares during the period. Charles Schwab Investment Management Inc. owned about 0.66% of Deckers Outdoor worth $203,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DECK. Allspring Global Investments Holdings LLC raised its stake in Deckers Outdoor by 109.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock worth $91,965,000 after buying an additional 235,091 shares during the period. Wilmington Savings Fund Society FSB raised its position 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 worth $1,407,000 after purchasing an additional 2,668 shares during the period. Navellier & Associates Inc. lifted its holdings in shares of Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock valued at $6,053,000 after purchasing an additional 1,791 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Deckers Outdoor by 25.7% in the 4th quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker’s stock valued at $101,457,000 after purchasing an additional 102,134 shares during the period. Finally, Sigma Investment Counselors Inc. bought a new stake in Deckers Outdoor during the 4th quarter worth approximately $3,143,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Down 3.3 %

DECK opened at $131.61 on Friday. Deckers Outdoor Co. has a 12-month low of $130.76 and a 12-month high of $223.98. The business has a 50 day moving average of $181.36 and a 200-day moving average of $157.28. The stock has a market cap of $19.98 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

DECK has been the topic of a number of research reports. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Robert W. Baird upped their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. UBS Group lifted their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Evercore ISI increased their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, Stifel Nicolaus lifted their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $197.41.

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.