Raiffeisen Bank International AG Invests $4.35 Million in Deckers Outdoor Co. (NYSE:DECK)

Raiffeisen Bank International AG purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,116 shares of the textile maker’s stock, valued at approximately $4,345,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DECK. Headlands Technologies LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth about $29,000. Global Trust Asset Management LLC acquired a new position in Deckers Outdoor during the fourth quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. grew its position in Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after buying an additional 120 shares during the period. Itau Unibanco Holding S.A. grew its position in Deckers Outdoor by 352.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker’s stock worth $44,000 after buying an additional 169 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its position in Deckers Outdoor by 404.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker’s stock worth $51,000 after buying an additional 202 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on DECK. Bank of America upped their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their target price on shares of Deckers Outdoor from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Piper Sandler lowered their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus lowered their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Finally, Raymond James raised shares of Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from $235.00 to $150.00 in a report on Thursday, April 10th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $162.16.

Deckers Outdoor Stock Down 0.4%

Shares of NYSE DECK opened at $126.91 on Friday. Deckers Outdoor Co. has a 52-week low of $93.72 and a 52-week high of $223.98. The firm has a fifty day moving average of $114.05 and a 200-day moving average of $159.82. The stock has a market capitalization of $19.26 billion, a PE ratio of 20.57, a P/E/G ratio of 1.68 and a beta of 1.11.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81% 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, Director David Powers sold 25,000 shares of the stock in a transaction on 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 completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. The trade was a 9.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

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.