Deckers Outdoor Co. (NYSE:DECK) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB grew its stake in Deckers Outdoor Co. (NYSE:DECK) by 5.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,362 shares of the textile maker’s stock after acquiring an additional 596 shares during the quarter. Nordea Investment Management AB’s holdings in Deckers Outdoor were worth $2,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. grew its stake in shares of Deckers Outdoor by 7.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after buying an additional 19 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Deckers Outdoor by 5.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock worth $393,000 after acquiring an additional 20 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Deckers Outdoor by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after purchasing an additional 23 shares during the period. Evergreen Capital Management LLC lifted its stake in shares of Deckers Outdoor by 5.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 497 shares of the textile maker’s stock valued at $481,000 after purchasing an additional 27 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Deckers Outdoor by 2.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,663 shares of the textile maker’s stock worth $1,609,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In related news, insider Angela Ogbechie sold 1,278 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares in the company, valued at $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock valued at $13,715,482 over the last quarter. 0.40% of the stock is owned by insiders.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $207.60 on Friday. The business has a 50-day simple moving average of $195.30 and a 200-day simple moving average of $117.54. Deckers Outdoor Co. has a one year low of $115.64 and a one year high of $214.70. The company has a market cap of $31.54 billion, a PE ratio of 36.51, a P/E/G ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The firm’s revenue was up 20.1% on a year-over-year basis. On average, sell-side analysts predict that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DECK has been the topic of a number of recent analyst reports. StockNews.com cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Piper Sandler set a $166.00 price objective on shares of Deckers Outdoor in a report on Thursday, October 17th. Barclays lifted their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 25th. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Bank of America lifted their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Nine equities research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $164.76.

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.