Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 900 Shares of Deckers Outdoor Co. (NYSE:DECK)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in Deckers Outdoor Co. (NYSE:DECK) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 36,300 shares of the textile maker’s stock after selling 900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Deckers Outdoor were worth $7,372,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its stake in shares of Deckers Outdoor by 495.7% during the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after purchasing an additional 792,849 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Deckers Outdoor by 56.6% during the 3rd quarter. Blue Trust Inc. now owns 736 shares of the textile maker’s stock worth $117,000 after purchasing an additional 266 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Deckers Outdoor by 540.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,985 shares of the textile maker’s stock worth $476,000 after purchasing an additional 2,519 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Deckers Outdoor by 627.0% during the 3rd quarter. Private Advisor Group LLC now owns 5,525 shares of the textile maker’s stock worth $881,000 after purchasing an additional 4,765 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Deckers Outdoor during the 3rd quarter worth approximately $24,865,000. Institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now owns 10,222 shares in the company, valued at $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Robert W. Baird increased their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Truist Financial dropped their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research note on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $139.98 on Tuesday. The stock’s 50 day moving average is $192.49 and its 200 day moving average is $152.80. The firm has a market cap of $21.25 billion, a P/E ratio of 22.69, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a one year low of $131.39 and a one year high of $223.98.

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

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.