Dimensional Fund Advisors LP Sells 39,998 Shares of Deckers Outdoor Corporation $DECK

Dimensional Fund Advisors LP cut its position in Deckers Outdoor Corporation (NYSE:DECK) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,227,754 shares of the textile maker’s stock after selling 39,998 shares during the quarter. Dimensional Fund Advisors LP owned about 0.84% of Deckers Outdoor worth $124,475,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Pinnacle Investment Management Ltd acquired a new position in shares of Deckers Outdoor during the 3rd quarter worth about $2,027,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Deckers Outdoor by 171.1% in 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 period. Assenagon Asset Management S.A. lifted its stake in Deckers Outdoor by 208.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 178,664 shares of the textile maker’s stock valued at $18,111,000 after purchasing an additional 120,735 shares during the last quarter. Global Retirement Partners LLC bought a new position in Deckers Outdoor during the second quarter worth about $456,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Deckers Outdoor by 46.2% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker’s stock worth $6,062,000 after purchasing an additional 18,900 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Robin Spring-Green sold 347 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the sale, the insider owned 42,461 shares of the company’s stock, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anne Spangenberg sold 4,063 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the transaction, the insider owned 80,449 shares in the company, valued at $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,092 shares of company stock worth $1,048,552 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DECK shares. Telsey Advisory Group restated a “market perform” rating and issued a $120.00 price objective (up from $105.00) on shares of Deckers Outdoor in a research note on Monday, January 26th. UBS Group reissued a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Guggenheim started coverage on Deckers Outdoor in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Barclays reaffirmed an “overweight” rating and set a $143.00 price target (up from $113.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, Sanford C. Bernstein set a $90.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Stock Down 2.5%

Shares of NYSE:DECK opened at $102.60 on Thursday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $133.43. The business has a 50 day moving average of $109.06 and a 200-day moving average of $103.17. The stock has a market cap of $14.56 billion, a PE ratio of 14.49, a P/E/G ratio of 2.40 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. The company had revenue of $1.96 billion for 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 firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.00 earnings per share. Equities research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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.