AMF Tjanstepension AB Reduces Position in Deckers Outdoor Co. (NYSE:DECK)

AMF Tjanstepension AB lessened its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 94.5% during the 4th quarter, Holdings Channel reports. The firm owned 52,452 shares of the textile maker’s stock after selling 900,351 shares during the quarter. AMF Tjanstepension AB’s holdings in Deckers Outdoor were worth $10,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Resonant Capital Advisors LLC grew its position in Deckers Outdoor by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock worth $489,000 after purchasing an additional 52 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after acquiring an additional 64 shares during the last quarter. WD Rutherford LLC boosted its holdings in shares of Deckers Outdoor by 4.8% in the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after acquiring an additional 79 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Deckers Outdoor by 6.5% in the 4th quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated 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 transaction, the chief executive officer now directly owns 259,266 shares in the company, 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 have sold 39,574 shares of company stock valued at $6,485,189 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on DECK. KeyCorp upped their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. UBS Group upped their price objective on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday, January 31st. Evercore ISI upped their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Stock Down 3.9 %

Shares of NYSE DECK opened at $126.81 on Friday. The firm has a 50-day simple moving average of $179.75 and a 200-day simple moving average of $158.89. The stock has a market capitalization of $19.25 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 52 week low of $122.61 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, equities research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

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.