Andra AP fonden Sells 43,261 Shares of Deckers Outdoor Corporation $DECK

Andra AP fonden lowered its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 51.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,500 shares of the textile maker’s stock after selling 43,261 shares during the quarter. Andra AP fonden’s holdings in Deckers Outdoor were worth $4,207,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Trillium Asset Management LLC lifted its position in shares of Deckers Outdoor by 28.1% during the 2nd quarter. Trillium Asset Management LLC now owns 188,486 shares of the textile maker’s stock valued at $19,428,000 after acquiring an additional 41,325 shares during the period. Bank of Montreal Can increased its stake in Deckers Outdoor by 37.9% during the 2nd quarter. Bank of Montreal Can now owns 188,873 shares of the textile maker’s stock valued at $19,467,000 after purchasing an additional 51,914 shares in the last quarter. Pinnacle Investment Management Ltd acquired a new position in shares of Deckers Outdoor during the third quarter valued at about $2,027,000. Achmea Investment Management B.V. increased its position in shares of Deckers Outdoor by 135.3% during the second quarter. Achmea Investment Management B.V. now owns 135,341 shares of the textile maker’s stock worth $13,950,000 after acquiring an additional 77,812 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Deckers Outdoor by 171.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock valued at $33,020,000 after purchasing an additional 205,975 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DECK has been the subject of several analyst reports. Guggenheim started coverage on Deckers Outdoor in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Jefferies Financial Group increased their target price on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, January 27th. Citigroup restated a “buy” rating and set a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Piper Sandler reaffirmed an “underweight” rating and issued a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, UBS Group reaffirmed a “buy” rating and set a $161.00 price target (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $117.13 on Friday. The business’s fifty day moving average is $108.31 and its 200 day moving average is $103.07. The firm 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 Corporation has a 52-week low of $78.91 and a 52-week high of $141.90.

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

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the sale, the insider directly owned 80,449 shares of the company’s stock, valued at $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the transaction, the director owned 25,026 shares in the company, valued at approximately $2,873,985.84. This represents a 15.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Company 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.