Allianz SE Sells 15,781 Shares of Deckers Outdoor Corporation $DECK

Allianz SE reduced its position in Deckers Outdoor Corporation (NYSE:DECK) by 86.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,531 shares of the textile maker’s stock after selling 15,781 shares during the quarter. Allianz SE’s holdings in Deckers Outdoor were worth $257,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DECK. Geode Capital Management LLC raised its position in Deckers Outdoor by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock worth $454,662,000 after purchasing an additional 114,779 shares during the period. Invesco Ltd. grew its stake in shares of Deckers Outdoor by 19.4% during the second quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock valued at $286,660,000 after buying an additional 452,081 shares during the last quarter. Norges Bank purchased a new position in shares of Deckers Outdoor in the second quarter worth about $223,036,000. Federated Hermes Inc. lifted its stake in shares of Deckers Outdoor by 46.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock valued at $175,800,000 after acquiring an additional 541,657 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in shares of Deckers Outdoor by 9.2% in the 3rd quarter. TD Asset Management Inc now owns 1,378,343 shares of the textile maker’s stock valued at $139,723,000 after acquiring an additional 116,310 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on DECK. Sanford C. Bernstein set a $90.00 target price on shares of Deckers Outdoor in a report on Friday, January 30th. Piper Sandler reissued an “underweight” rating and set a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Barclays reissued an “overweight” rating and issued a $143.00 price target (up from $113.00) on shares of Deckers Outdoor in a report on Friday, January 30th. BTIG Research reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, UBS Group reissued a “buy” rating and issued a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $117.13 on Friday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $141.90. The firm’s 50-day moving average is $108.31 and its 200 day moving average is $103.07. The stock has a market cap of $16.63 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 2.67 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.56. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.00 earnings per share. On average, equities analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the sale, the insider owned 42,461 shares of the company’s stock, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director owned 25,026 shares in the company, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 9,092 shares of company stock valued at $1,048,552. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.