Swiss Life Asset Management Ltd Trims Stock Position in Deckers Outdoor Corporation $DECK

Swiss Life Asset Management Ltd lessened its stake in Deckers Outdoor Corporation (NYSE:DECK) by 35.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 61,439 shares of the textile maker’s stock after selling 33,188 shares during the period. Swiss Life Asset Management Ltd’s holdings in Deckers Outdoor were worth $6,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. American National Bank & Trust raised its position in Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 106 shares in the last quarter. True Wealth Design LLC lifted its holdings in Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 244 shares during the period. Geneos Wealth Management Inc. boosted its position in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Deckers Outdoor in the 3rd quarter worth approximately $30,000. Finally, Rakuten Securities Inc. grew its stake in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 4.5%

DECK opened at $100.22 on Friday. The firm’s fifty day simple moving average is $108.61 and its two-hundred day simple moving average is $102.43. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $133.43. The company has a market cap of $14.23 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 2.29 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company earned $3.00 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, research analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a $143.00 target price (up from $113.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Citigroup restated a “buy” rating and set a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Evercore set a $108.00 price objective on shares of Deckers Outdoor in a report on Friday, January 30th. Truist Financial set a $132.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Guggenheim assumed coverage on shares of Deckers Outdoor in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.20.

Insider Buying and Selling

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the business’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 in the company, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction that occurred 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 directly owned 25,026 shares of the company’s stock, valued at $2,873,985.84. The trade was a 15.76% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,092 shares of company stock worth $1,048,552. Insiders own 0.40% of the company’s stock.

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.