BI Asset Management Fondsmaeglerselskab A S Decreases Stock Holdings in Deckers Outdoor Corporation $DECK

BI Asset Management Fondsmaeglerselskab A S lowered its position in Deckers Outdoor Corporation (NYSE:DECK) by 36.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,831 shares of the textile maker’s stock after selling 41,828 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Deckers Outdoor were worth $7,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trillium Asset Management LLC raised its holdings in shares of Deckers Outdoor by 28.1% during the second quarter. Trillium Asset Management LLC now owns 188,486 shares of the textile maker’s stock worth $19,428,000 after purchasing an additional 41,325 shares during the last quarter. OFI Invest Asset Management raised its stake in shares of Deckers Outdoor by 32.1% during the 2nd quarter. OFI Invest Asset Management now owns 361,543 shares of the textile maker’s stock valued at $37,264,000 after buying an additional 87,834 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Deckers Outdoor by 37.9% in the 2nd quarter. Bank of Montreal Can now owns 188,873 shares of the textile maker’s stock valued at $19,467,000 after buying an additional 51,914 shares during the period. KLP Kapitalforvaltning AS boosted its stake in shares of Deckers Outdoor by 8.4% in the second quarter. KLP Kapitalforvaltning AS now owns 146,500 shares of the textile maker’s stock worth $15,100,000 after buying an additional 11,400 shares during the last quarter. Finally, Achmea Investment Management B.V. raised its position in Deckers Outdoor by 135.3% during the second quarter. Achmea Investment Management B.V. now owns 135,341 shares of the textile maker’s stock valued at $13,950,000 after acquiring an additional 77,812 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 1.1%

Shares of NYSE DECK opened at $111.02 on Friday. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 2.56 and a beta of 1.16. The company’s 50-day simple moving average is $102.38 and its 200-day simple moving average is $101.89. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $177.64.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm earned $3.00 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

DECK has been the topic of several recent research reports. Truist Financial set a $132.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. Jefferies Financial Group increased their price target on shares of Deckers Outdoor from $102.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, January 27th. Needham & Company LLC lifted their price objective on shares of Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 30th. Sanford C. Bernstein set a $90.00 target price on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Robert W. Baird cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $125.20.

Deckers Outdoor 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.