Tredje AP fonden Sells 86,602 Shares of Deckers Outdoor Co. (NYSE:DECK)

Tredje AP fonden lowered its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 57.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 65,060 shares of the textile maker’s stock after selling 86,602 shares during the quarter. Tredje AP fonden’s holdings in Deckers Outdoor were worth $13,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bell Investment Advisors Inc grew its holdings in Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth about $31,000. Brooklyn Investment Group purchased a new stake in shares of Deckers Outdoor in the 3rd quarter worth about $36,000. Avior Wealth Management LLC lifted its position in shares of Deckers Outdoor by 2,966.7% in the 3rd quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock worth $44,000 after purchasing an additional 267 shares during the period. Finally, Fortitude Family Office LLC lifted its position in shares of Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares during the period. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DECK. Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Bank of America lifted their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Needham & Company LLC reissued a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Robert W. Baird lifted their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Stock Down 3.9 %

DECK stock opened at $116.84 on Friday. Deckers Outdoor Co. has a twelve month low of $115.06 and a twelve month high of $223.98. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The firm’s fifty day simple moving average is $173.03 and its two-hundred day simple moving average is $160.57.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates 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.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the 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 in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

About Deckers Outdoor

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.