Aviva PLC Sells 13,105 Shares of Deckers Outdoor Co. (NYSE:DECK)

Aviva PLC decreased its position in Deckers Outdoor Co. (NYSE:DECK) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 267,447 shares of the textile maker’s stock after selling 13,105 shares during the quarter. Aviva PLC’s holdings in Deckers Outdoor were worth $54,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Deckers Outdoor by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock worth $3,582,464,000 after purchasing an additional 229,807 shares in the last quarter. State Street Corp boosted its stake in shares of Deckers Outdoor by 513.8% in the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Deckers Outdoor by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker’s stock valued at $831,723,000 after acquiring an additional 45,035 shares in the last quarter. Norges Bank purchased a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $392,583,000. Finally, American Century Companies Inc. lifted its holdings in Deckers Outdoor by 6.4% during the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker’s stock worth $265,262,000 after acquiring an additional 78,623 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DECK. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Truist Financial lowered their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Evercore ISI upped their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Trading Up 5.1 %

Shares of NYSE:DECK opened at $106.04 on Friday. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The stock has a market cap of $16.09 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.68 and a beta of 1.10. The company has a 50 day moving average of $142.96 and a 200 day moving average of $169.76.

Deckers Outdoor (NYSE:DECK) last released 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%. On average, equities analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 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.