AGF Management Ltd. Trims Position in Deckers Outdoor Co. (NYSE:DECK)

AGF Management Ltd. reduced its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,046 shares of the textile maker's stock after selling 20,436 shares during the quarter. AGF Management Ltd. owned about 0.05% of Deckers Outdoor worth $15,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. FMR LLC increased its holdings in Deckers Outdoor by 499.2% in the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker's stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares in the last quarter. State Street Corp increased its holdings in Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker's stock valued at $1,049,867,000 after buying an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC increased its holdings in Deckers Outdoor by 509.1% in the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker's stock valued at $646,316,000 after buying an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker's stock valued at $203,674,000 after buying an additional 1,074,263 shares during the last quarter. 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 company's stock in a transaction on 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 sale, the director now owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the 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 transaction, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DECK. Robert W. Baird lifted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Truist Financial decreased their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Evercore ISI lifted their target price on Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Needham & Company LLC restated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine 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 company presently has an average rating of "Moderate Buy" and an average price target of $197.41.

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Deckers Outdoor Stock Performance

NYSE:DECK opened at $120.54 on Wednesday. The stock's 50-day simple moving average is $176.41 and its 200 day simple moving average is $161.15. The company has a market cap of $18.29 billion, a P/E ratio of 19.54, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 52-week low of $119.30 and a 52-week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued 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, equities analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor Company 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.

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