Nordea Investment Management AB Trims Stock Position in Deckers Outdoor Corporation $DECK

Nordea Investment Management AB lessened its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 89.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,132 shares of the textile maker’s stock after selling 321,211 shares during the period. Nordea Investment Management AB’s holdings in Deckers Outdoor were worth $3,973,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DECK. Aventura Private Wealth LLC bought a new stake in Deckers Outdoor during the 4th quarter valued at $40,000. Park Avenue Securities LLC grew its position in shares of Deckers Outdoor by 19.8% during the 4th quarter. Park Avenue Securities LLC now owns 30,211 shares of the textile maker’s stock worth $3,132,000 after buying an additional 4,993 shares in the last quarter. Union Bancaire Privee UBP SA grew its position in shares of Deckers Outdoor by 68.9% during the 4th quarter. Union Bancaire Privee UBP SA now owns 2,363 shares of the textile maker’s stock worth $245,000 after buying an additional 964 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Deckers Outdoor by 54.9% during the fourth quarter. GAMMA Investing LLC now owns 3,728 shares of the textile maker’s stock valued at $386,000 after buying an additional 1,321 shares during the period. Finally, AIA Group Ltd purchased a new position in shares of Deckers Outdoor during the third quarter valued at $3,832,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $94.01 on Friday. The company has a market capitalization of $13.34 billion, a PE ratio of 13.28, a P/E/G ratio of 2.14 and a beta of 1.15. The company has a 50-day simple moving average of $108.27 and a two-hundred day simple moving average of $101.76. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $133.43.

Deckers Outdoor (NYSE:DECK) last released its quarterly 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. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the business earned $3.00 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In other news, insider Anne Spangenberg sold 4,063 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the transaction, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the 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 sale, the director owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. This represents a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,092 shares of company stock valued at $1,048,552 over the last 90 days. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on DECK shares. KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price on the stock in a report on Friday, January 30th. Argus upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Robert W. Baird cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Zacks Research upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, BTIG Research reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.20.

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.