AIA Group Ltd Buys New Shares in Deckers Outdoor Corporation $DECK

AIA Group Ltd bought a new position in Deckers Outdoor Corporation (NYSE:DECK) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 37,800 shares of the textile maker’s stock, valued at approximately $3,832,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DECK. American National Bank & Trust grew its holdings in Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after buying an additional 106 shares in the last quarter. True Wealth Design LLC lifted its stake in Deckers Outdoor by 2,440.0% in the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after purchasing an additional 244 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Deckers Outdoor during the 3rd quarter valued at about $30,000. Finally, Rakuten Securities Inc. grew its position in shares of Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Robin Spring-Green sold 347 shares of the firm’s 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 completion of the sale, the insider directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the transaction, the director owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,092 shares of company stock worth $1,048,552 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Argus raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Needham & Company LLC increased their target price on Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Piper Sandler reissued an “underweight” rating and issued a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Wells Fargo & Company set a $110.00 price target on shares of Deckers Outdoor and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Finally, Guggenheim started coverage on shares of Deckers Outdoor in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.20.

Deckers Outdoor Stock Up 0.5%

Shares of DECK opened at $105.04 on Friday. The business has a fifty day moving average of $108.68 and a 200 day moving average of $102.70. The company has a market cap of $14.91 billion, a PE ratio of 14.84, a P/E/G ratio of 2.38 and a beta of 1.15. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $133.43.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.00 earnings per share. As a group, research analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal 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.