Aviva PLC Has $54.32 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Aviva PLC cut its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 267,447 shares of the textile maker's stock after selling 13,105 shares during the period. Aviva PLC owned about 0.18% of Deckers Outdoor worth $54,316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DECK. Vanguard Group Inc. boosted its holdings in Deckers Outdoor by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock valued at $3,582,464,000 after purchasing an additional 229,807 shares in the last quarter. State Street Corp grew its position in shares of Deckers Outdoor by 513.8% in the 3rd 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 lifted its position in Deckers Outdoor by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock valued at $831,723,000 after acquiring an additional 45,035 shares during the last quarter. Norges Bank acquired a new position in Deckers Outdoor in the fourth quarter valued at $392,583,000. Finally, American Century Companies Inc. grew its holdings in shares of Deckers Outdoor by 6.4% during the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock worth $265,262,000 after purchasing an additional 78,623 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 transaction, the director now directly owns 241,777 shares of the company's stock, 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 document filed with the SEC, which is available 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 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. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Stock Down 1.8 %

Shares of DECK traded down $1.99 during midday trading on Friday, reaching $107.65. 1,153,441 shares of the stock were exchanged, compared to its average volume of 2,369,986. The company has a market cap of $16.34 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.68 and a beta of 1.07. The firm has a 50 day simple moving average of $131.60 and a 200-day simple moving average of $167.76. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its 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 return on equity of 41.71% and a net margin of 19.14%. Research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Stifel Nicolaus decreased their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research note on Thursday. Needham & Company LLC restated a "buy" rating and issued a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the stock from $235.00 to $150.00 in a research report on Thursday. Finally, Piper Sandler lowered their price objective 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. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $187.89.

About Deckers Outdoor

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.