Avanza Fonder AB Purchases Shares of 15,159 Deckers Outdoor Co. (NYSE:DECK)

Avanza Fonder AB purchased a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,159 shares of the textile maker’s stock, valued at approximately $3,079,000.

A number of other hedge funds have also added to or reduced their stakes in DECK. Empirical Asset Management LLC lifted its position in shares of Deckers Outdoor by 127.1% during the 4th quarter. Empirical Asset Management LLC now owns 11,475 shares of the textile maker’s stock worth $2,330,000 after buying an additional 6,423 shares in the last quarter. Retireful LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $1,459,000. Ritholtz Wealth Management lifted its position in shares of Deckers Outdoor by 10.2% during the 4th quarter. Ritholtz Wealth Management now owns 2,928 shares of the textile maker’s stock worth $595,000 after buying an additional 270 shares in the last quarter. RMR Wealth Builders bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $383,000. Finally, Outlook Wealth Advisors LLC lifted its position in shares of Deckers Outdoor by 6.8% during the 4th quarter. Outlook Wealth Advisors LLC now owns 2,545 shares of the textile maker’s stock worth $517,000 after buying an additional 163 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the transaction, the director now directly owns 10,222 shares in the company, valued at $2,052,577.60. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock worth $13,715,482 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the topic of several recent analyst reports. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research report on Thursday, October 17th. Guggenheim started coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. Needham & Company LLC lifted their price target on shares of Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a report on Monday, January 6th. StockNews.com cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Company lifted their price target on shares of Deckers Outdoor from $170.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.06.

Deckers Outdoor Trading Up 0.9 %

Deckers Outdoor stock opened at $210.15 on Friday. Deckers Outdoor Co. has a 1-year low of $120.23 and a 1-year high of $214.70. The firm has a market capitalization of $31.93 billion, a price-to-earnings ratio of 36.96, a P/E/G ratio of 2.89 and a beta of 1.08. The firm has a 50 day simple moving average of $199.20 and a 200 day simple moving average of $123.15.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business earned $1.14 EPS. Deckers Outdoor’s revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts forecast that Deckers Outdoor Co. will post 5.53 EPS for the current year.

Deckers Outdoor 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.