Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Andra AP fonden

Andra AP fonden reduced its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,200 shares of the textile maker's stock after selling 29,000 shares during the period. Andra AP fonden owned about 0.06% of Deckers Outdoor worth $19,943,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Deckers Outdoor by 109.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock worth $91,965,000 after purchasing an additional 235,091 shares during the period. Navellier & Associates Inc. raised its position in Deckers Outdoor by 6.4% in the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock worth $6,053,000 after acquiring an additional 1,791 shares during the period. Wilmington Savings Fund Society FSB lifted its position in 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 valued at $1,407,000 after purchasing an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Deckers Outdoor by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock valued at $203,300,000 after buying an additional 32,318 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Deckers Outdoor by 25.7% during the fourth 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 in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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Deckers Outdoor Price Performance

Deckers Outdoor stock traded down $4.94 during midday trading on Monday, reaching $121.79. The company had a trading volume of 1,533,382 shares, compared to its average volume of 3,134,477. The firm's fifty day simple moving average is $179.75 and its 200-day simple moving average is $159.83. Deckers Outdoor Co. has a 12-month low of $119.30 and a 12-month high of $223.98. The company has a market capitalization of $18.48 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 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%. On average, analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the firm's stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,574 shares of company stock valued at $6,485,189. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial dropped their price target 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. KeyCorp boosted their target price on Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Bank of America upped their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on shares of Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Finally, Citigroup raised Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a research note on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor has an average rating of "Moderate Buy" and an average target price of $197.41.

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.