Swiss Life Asset Management Ltd Has $13.30 Million Stake in Deckers Outdoor Corporation $DECK

Swiss Life Asset Management Ltd raised its position in Deckers Outdoor Corporation (NYSE:DECK) by 108.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 128,317 shares of the textile maker’s stock after purchasing an additional 66,878 shares during the period. Swiss Life Asset Management Ltd’s holdings in Deckers Outdoor were worth $13,303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DECK. Viking Global Investors LP acquired a new stake in shares of Deckers Outdoor in the 3rd quarter valued at about $175,058,000. Assenagon Asset Management S.A. grew its holdings in shares of Deckers Outdoor by 293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 702,106 shares of the textile maker’s stock valued at $72,787,000 after acquiring an additional 523,442 shares in the last quarter. Man Group plc grew its holdings in shares of Deckers Outdoor by 106.1% in the 3rd quarter. Man Group plc now owns 862,318 shares of the textile maker’s stock valued at $87,413,000 after acquiring an additional 443,843 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Deckers Outdoor by 89.9% in the 2nd quarter. AQR Capital Management LLC now owns 873,105 shares of the textile maker’s stock valued at $89,991,000 after acquiring an additional 413,394 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Deckers Outdoor by 491.0% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 496,608 shares of the textile maker’s stock valued at $51,185,000 after acquiring an additional 412,586 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling

In related news, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the transaction, the insider owned 80,449 shares in the company, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the transaction, the director owned 25,026 shares of the company’s stock, valued at $2,873,985.84. The trade was a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 9,092 shares of company stock worth $1,048,552. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $94.91 on Wednesday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $131.58. The stock has a market capitalization of $13.47 billion, a P/E ratio of 13.41, a PEG ratio of 2.07 and a beta of 1.14. The stock has a 50-day simple moving average of $103.77 and a 200 day simple moving average of $101.21.

Analyst Ratings Changes

DECK has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 30th. Barclays restated an “overweight” rating and issued a $143.00 price objective (up from $113.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Argus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective for the company. in a report on Thursday, April 23rd. Finally, Needham & Company LLC raised their price objective on Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $125.60.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.