Zurich Insurance Group Ltd FI Grows Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Zurich Insurance Group Ltd FI boosted its position in Deckers Outdoor Co. (NYSE:DECK) by 89.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 417,882 shares of the textile maker’s stock after purchasing an additional 197,400 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Deckers Outdoor were worth $84,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth $392,583,000. JPMorgan Chase & Co. lifted its position in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after acquiring an additional 1,170,855 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth $185,451,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Deckers Outdoor by 204.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker’s stock worth $180,674,000 after purchasing an additional 597,743 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Deckers Outdoor by 101.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker’s stock worth $203,850,000 after purchasing an additional 505,139 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction 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 trade represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DECK has been the topic of several research analyst reports. Wells Fargo & Company upped their price target on shares of Deckers Outdoor from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 14th. Stifel Nicolaus decreased their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Barclays decreased their price target on shares of Deckers Outdoor from $231.00 to $129.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Jefferies Financial Group increased their target price on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Finally, Raymond James raised Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and reduced their target price for the company from $235.00 to $150.00 in a research note on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.16.

Deckers Outdoor Trading Down 0.5%

Shares of NYSE:DECK opened at $127.22 on Tuesday. The stock’s 50-day moving average price is $114.30 and its 200-day moving average price is $159.24. The stock has a market capitalization of $19.31 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98.

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.