AustralianSuper Pty Ltd Decreases Stock Position in Deckers Outdoor Corporation $DECK

AustralianSuper Pty Ltd trimmed its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 14.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 564,153 shares of the textile maker’s stock after selling 97,581 shares during the quarter. AustralianSuper Pty Ltd owned 0.39% of Deckers Outdoor worth $57,188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DECK. American National Bank & Trust raised its position in Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC grew its stake in shares of Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after buying an additional 244 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Deckers Outdoor during the 3rd quarter worth approximately $30,000. Finally, CVA Family Office LLC boosted its holdings in Deckers Outdoor by 137.4% during the 2nd quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 180 shares during the period. Institutional investors own 97.79% of the company’s stock.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the sale, the insider owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Stock Performance

NYSE DECK opened at $97.51 on Thursday. The company has a market cap of $14.21 billion, a PE ratio of 14.45, a P/E/G ratio of 4.52 and a beta of 1.15. The firm’s 50 day moving average price is $99.14 and its 200-day moving average price is $101.37. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $223.98.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Truist Financial set a $115.00 target price on Deckers Outdoor in a research report on Wednesday, January 14th. Robert W. Baird lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Sanford C. Bernstein reissued an “underperform” rating on shares of Deckers Outdoor in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating on shares of Deckers Outdoor in a research report on Thursday, January 8th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor has a consensus rating of “Hold” and a consensus target price of $117.74.

About Deckers Outdoor

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.