MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Lowers Stock Position in Deckers Outdoor Co. (NYSE:DECK)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,765 shares of the textile maker’s stock after selling 2,957 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Deckers Outdoor were worth $2,832,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DECK. FMR LLC boosted its stake in Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after acquiring an additional 19,053,113 shares in the last quarter. State Street Corp lifted its holdings in shares of Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after purchasing an additional 3,393,420 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Deckers Outdoor by 529.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after buying an additional 1,074,263 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DECK. KeyCorp raised their price target on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America boosted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday. Citigroup raised their price target on shares of Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research report on Thursday. Finally, Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $182.20.

Deckers Outdoor Stock Up 1.8 %

DECK stock opened at $218.70 on Friday. Deckers Outdoor Co. has a 52-week low of $123.33 and a 52-week high of $218.92. The company’s 50-day simple moving average is $201.33 and its 200-day simple moving average is $127.75. The firm has a market cap of $33.23 billion, a P/E ratio of 38.46, a PEG ratio of 2.98 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $1.14 earnings per share. Deckers Outdoor’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, analysts anticipate that Deckers Outdoor Co. will post 5.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the sale, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at $26,781,300. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,036 shares of company stock valued at $13,715,482. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.