AMF Tjanstepension AB Trims Position in Deckers Outdoor Co. (NYSE:DECK)

AMF Tjanstepension AB cut its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 94.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,452 shares of the textile maker's stock after selling 900,351 shares during the quarter. AMF Tjanstepension AB's holdings in Deckers Outdoor were worth $10,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bell Investment Advisors Inc grew its position in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock valued at $28,000 after acquiring an additional 146 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at about $31,000. Rakuten Securities Inc. grew its position in Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock worth $35,000 after acquiring an additional 175 shares during the last quarter. Brooklyn Investment Group purchased a new position in Deckers Outdoor in the 3rd quarter worth approximately $36,000. Finally, Avior Wealth Management LLC lifted its position in Deckers Outdoor by 2,966.7% in the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker's stock valued at $44,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Buying and Selling

In other news, CEO Caroti Stefano sold 14,274 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares of the company's stock, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Thursday, March 6th. The stock was 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 trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,574 shares of company stock valued at $6,485,189 over the last 90 days. Company insiders own 0.40% of the company's stock.

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Deckers Outdoor Stock Performance

Shares of DECK stock traded down $5.53 during mid-day trading on Monday, hitting $121.20. The company's stock had a trading volume of 3,504,932 shares, compared to its average volume of 3,170,197. The stock has a market cap of $18.39 billion, a price-to-earnings ratio of 19.65, a PEG 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. The business has a 50-day moving average price of $179.75 and a 200 day moving average price of $159.83.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DECK shares. Truist Financial decreased their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company dropped their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Robert W. Baird lifted their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Stifel Nicolaus upped their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a report on Friday, January 31st. Finally, KeyCorp lifted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. 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 currently has a consensus rating of "Moderate Buy" and a consensus 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.