MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Decreases Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its stake in Deckers Outdoor Co. (NYSE:DECK) by 17.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,765 shares of the textile maker’s stock after selling 2,957 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Deckers Outdoor were worth $2,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in Deckers Outdoor by 499.2% in the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after buying an additional 19,053,113 shares in the last quarter. State Street Corp grew its holdings in shares of Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after purchasing an additional 5,511,513 shares during the period. Geode Capital Management LLC grew its holdings in shares of Deckers Outdoor by 509.1% in the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after purchasing an additional 3,393,420 shares during the period. JPMorgan Chase & Co. raised its stake in Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after purchasing an additional 1,074,263 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the sale, the director now owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,036 shares of company stock valued at $13,715,482. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

DECK opened at $218.70 on Friday. The business has a fifty day moving average price of $201.33 and a 200 day moving average price of $127.75. Deckers Outdoor Co. has a 12 month low of $123.33 and a 12 month high of $218.92. The stock has a market capitalization of $33.23 billion, a price-to-earnings ratio of 38.46, a PEG ratio of 2.98 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, research analysts anticipate that Deckers Outdoor Co. will post 5.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a report on Thursday, October 17th. Guggenheim started coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They issued a “neutral” rating on the stock. Truist Financial increased their price target on Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Barclays boosted their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Citigroup increased their target price on shares of Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $182.20.

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.