Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.01 Million Position in Deckers Outdoor Corporation (NYSE:DECK)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,900 shares of the textile maker’s stock after selling 400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Deckers Outdoor were worth $4,014,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Mpwm Advisory Solutions LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at $26,000. Vega Investment Solutions acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Deckers Outdoor in the 1st quarter valued at $34,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at $41,000. Finally, Itau Unibanco Holding S.A. lifted its stake in shares of Deckers Outdoor by 352.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 1.0%

NYSE:DECK opened at $102.81 on Friday. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98. The firm has a market capitalization of $15.25 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 3.91 and a beta of 0.99. The firm has a 50-day moving average price of $104.48 and a 200 day moving average price of $118.16.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same quarter in the prior year, the business posted $4.52 earnings per share. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, research analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor announced that its Board of Directors has authorized a stock buyback program on Thursday, May 22nd that permits the company to buyback $2.25 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DECK shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $128.00 price objective (up previously from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. KGI Securities raised shares of Deckers Outdoor to a “hold” rating in a research report on Monday, May 26th. Raymond James Financial boosted their target price on shares of Deckers Outdoor from $123.00 to $137.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. KeyCorp reissued a “sector weight” rating and set a $150.00 target price on shares of Deckers Outdoor in a research report on Friday, May 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $137.50.

Insider Buying and Selling

In other news, Director Cindy L. Davis acquired 1,825 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were purchased at an average cost of $109.76 per share, with a total value of $200,312.00. Following the completion of the purchase, the director owned 13,340 shares of the company’s stock, valued at $1,464,198.40. This represents a 15.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Ogbechie sold 6,244 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the sale, the insider directly owned 19,980 shares in the company, valued at $2,075,722.20. This represents a 23.81% 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.

Deckers Outdoor 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.