Tredje AP fonden Sells 359,256 Shares of Deckers Outdoor Corporation $DECK

Tredje AP fonden decreased its stake in Deckers Outdoor Corporation (NYSE:DECK) by 38.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 568,353 shares of the textile maker’s stock after selling 359,256 shares during the period. Tredje AP fonden owned 0.40% of Deckers Outdoor worth $58,921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its position in shares of Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Deckers Outdoor in the 3rd quarter valued at $30,000. Elyxium Wealth LLC bought a new position in Deckers Outdoor during the 4th quarter worth $30,000. Rakuten Securities Inc. increased its position in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the period. Finally, Activest Wealth Management increased its position in Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after buying an additional 245 shares during the period. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BTIG Research reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Barclays restated an “overweight” rating and set a $143.00 price objective (up from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. UBS Group reiterated a “buy” rating and issued a $145.00 target price (down from $161.00) on shares of Deckers Outdoor in a research report on Thursday. KGI Securities upgraded Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective for the company in a research report on Friday, January 30th. Finally, Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $115.00 to $90.00 in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $125.05.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $94.64 on Tuesday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $131.58. The stock has a 50 day moving average price of $102.50 and a two-hundred day moving average price of $101.27. The stock has a market capitalization of $13.43 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 2.01 and a beta of 1.14.

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.