DnB Asset Management AS Cuts Holdings in Deckers Outdoor Co. (NYSE:DECK)

DnB Asset Management AS lessened its stake in Deckers Outdoor Co. (NYSE:DECK) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 337,730 shares of the textile maker’s stock after selling 18,436 shares during the quarter. DnB Asset Management AS owned 0.22% of Deckers Outdoor worth $68,590,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DECK. Orion Portfolio Solutions LLC increased its holdings in Deckers Outdoor by 8.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 24,115 shares of the textile maker’s stock valued at $4,898,000 after buying an additional 1,791 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Deckers Outdoor by 0.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 66,729 shares of the textile maker’s stock valued at $13,552,000 after buying an additional 238 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Deckers Outdoor in the fourth quarter valued at $5,247,000. Norges Bank acquired a new position in Deckers Outdoor in the fourth quarter valued at $392,583,000. Finally, UniSuper Management Pty Ltd increased its position in shares of Deckers Outdoor by 409.7% during the fourth quarter. UniSuper Management Pty Ltd now owns 91,519 shares of the textile maker’s stock worth $18,587,000 after purchasing an additional 73,563 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $116.95 on Friday. The company has a market cap of $17.75 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The company has a 50-day simple moving average of $155.43 and a 200-day simple moving average of $167.03. Deckers Outdoor Co. has a 12 month low of $112.10 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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%. On average, analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on 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 directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DECK shares. Robert W. Baird increased their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. 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 report on Friday, February 7th. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Barclays boosted their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Truist Financial decreased their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

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.