Deckers Outdoor Corporation $DECK Shares Sold by Tredje AP fonden

Tredje AP fonden cut its stake in Deckers Outdoor Corporation (NYSE:DECK) by 28.1% in the third quarter, Holdings Channel reports. The firm owned 927,609 shares of the textile maker’s stock after selling 362,889 shares during the period. Tredje AP fonden’s holdings in Deckers Outdoor were worth $94,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Stevens Capital Management LP increased its stake in Deckers Outdoor by 449.5% during the 3rd quarter. Stevens Capital Management LP now owns 12,914 shares of the textile maker’s stock valued at $1,309,000 after purchasing an additional 10,564 shares in the last quarter. Coyle Financial Counsel LLC grew its holdings in shares of Deckers Outdoor by 102.4% during the third quarter. Coyle Financial Counsel LLC now owns 9,508 shares of the textile maker’s stock valued at $964,000 after buying an additional 4,810 shares during the last quarter. Raiffeisen Bank International AG increased its position in shares of Deckers Outdoor by 441.6% in the 3rd quarter. Raiffeisen Bank International AG now owns 88,250 shares of the textile maker’s stock valued at $9,114,000 after acquiring an additional 71,957 shares during the period. Clear Creek Financial Management LLC raised its stake in Deckers Outdoor by 7.7% in the 3rd quarter. Clear Creek Financial Management LLC now owns 4,016 shares of the textile maker’s stock worth $407,000 after acquiring an additional 287 shares during the last quarter. Finally, NewEdge Wealth LLC raised its stake in Deckers Outdoor by 3.5% in the 3rd quarter. NewEdge Wealth LLC now owns 20,449 shares of the textile maker’s stock worth $2,073,000 after acquiring an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 0.5%

Deckers Outdoor stock opened at $118.70 on Friday. The firm has a market cap of $16.85 billion, a PE ratio of 16.77, a P/E/G ratio of 2.69 and a beta of 1.16. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $151.33. The stock’s 50 day simple moving average is $106.63 and its two-hundred day simple moving average is $102.52.

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

Analyst Upgrades and Downgrades

DECK has been the topic of a number of research reports. Wells Fargo & Company set a $110.00 price objective on Deckers Outdoor and gave the company an “equal weight” rating in a report on Friday, January 30th. Argus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday. The Goldman Sachs Group reiterated a “sell” rating and issued a $92.00 price target (up previously from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Barclays restated an “overweight” rating and set a $143.00 price objective (up from $113.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Jefferies Financial Group increased their price objective on shares of Deckers Outdoor from $102.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, January 27th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.20.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the company’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 transaction, the insider owned 42,461 shares in the company, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauri M. Shanahan sold 4,682 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 9,092 shares of company stock worth $1,048,552. Company insiders own 0.40% of the company’s stock.

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.