Deckers Outdoor Co. (NYSE:DECK) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,848 shares of the textile maker's stock after selling 21,500 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.08% of Deckers Outdoor worth $23,528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in Deckers Outdoor by 109.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock valued at $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 in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Deckers Outdoor by 62.6% in 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 acquiring an additional 2,668 shares during the period. Charles Schwab Investment Management Inc. boosted 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 worth $203,300,000 after purchasing an additional 32,318 shares in the last quarter. Finally, Amundi increased its holdings in shares of Deckers Outdoor by 11.0% in the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker's stock valued at $225,855,000 after purchasing an additional 108,054 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

DECK traded up $4.68 during trading on Thursday, hitting $111.34. The company had a trading volume of 1,353,006 shares, compared to its average volume of 2,374,471. The company has a market cap of $16.90 billion, a PE ratio of 18.05, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The business has a 50-day moving average of $121.25 and a 200-day moving average of $164.43.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DECK. Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price target on the stock in a report on Friday, February 7th. Barclays increased their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Truist Financial cut their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 31st. 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 report on Tuesday, January 28th. Finally, Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $187.89.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred 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 transaction, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

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.