Forsta AP Fonden Buys 1,700 Shares of Deckers Outdoor Co. (NYSE:DECK)

Forsta AP Fonden lifted its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,500 shares of the textile maker's stock after buying an additional 1,700 shares during the period. Forsta AP Fonden's holdings in Deckers Outdoor were worth $11,881,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Solstein Capital LLC lifted its position in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock worth $26,000 after buying an additional 135 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of Deckers Outdoor by 521.4% in 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 bought a new stake in Deckers Outdoor during the fourth quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker's stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. grew its stake in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock valued at $35,000 after purchasing an additional 175 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

NYSE:DECK traded down $5.84 during mid-day trading on Monday, reaching $171.53. 4,656,095 shares of the company's stock were exchanged, compared to its average volume of 2,573,848. Deckers Outdoor Co. has a one year low of $131.39 and a one year high of $223.98. The business's fifty day simple moving average is $205.90 and its two-hundred day simple moving average is $137.68. The firm has a market capitalization of $26.06 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its 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%. As a group, equities research analysts forecast that Deckers Outdoor Co. will post 5.92 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DECK. Wells Fargo & Company dropped their price objective on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Friday. Robert W. Baird increased their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. BTIG Research lowered shares of Deckers Outdoor from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 22nd. KeyCorp raised their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus boosted their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a "hold" rating in a research report on Friday. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $197.41.

Insider Activity

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the sale, the insider now owns 63,642 shares of the company's stock, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares of the company's stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 73,758 shares of company stock worth $13,506,861. 0.40% of the stock is currently owned by company 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.