E. Ohman J or Asset Management AB Reduces Position in Deckers Outdoor Co. (NYSE:DECK)

E. Ohman J or Asset Management AB trimmed its stake in Deckers Outdoor Co. (NYSE:DECK) by 16.9% in the 4th quarter, HoldingsChannel reports. The firm owned 156,904 shares of the textile maker’s stock after selling 31,850 shares during the period. E. Ohman J or Asset Management AB’s holdings in Deckers Outdoor were worth $31,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Deckers Outdoor by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock worth $889,000 after purchasing an additional 23 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of Deckers Outdoor by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after buying an additional 52 shares in the last quarter. Mather Group LLC. boosted its holdings in Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after buying an additional 64 shares during the period. Algert Global LLC increased its stake in Deckers Outdoor by 23.0% in the 2nd quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock worth $414,000 after buying an additional 80 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in Deckers Outdoor by 6.5% during the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 82 shares during the period. 97.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DECK shares. Wells Fargo & Company dropped their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday. Stifel Nicolaus upped their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday. Citigroup lifted their price objective on shares of Deckers Outdoor from $178.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research report on Thursday, October 17th. Finally, Jefferies Financial Group lifted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Anne Spangenberg sold 3,882 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the transaction, the insider now directly owns 67,434 shares in the company, valued at $12,571,720.62. This represents a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the sale, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at $26,781,300. This represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,758 shares of company stock worth $13,506,861 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $170.42 on Tuesday. The stock’s fifty day moving average is $205.90 and its 200 day moving average is $137.68. The firm has a market capitalization of $25.89 billion, a PE ratio of 27.63, a PEG ratio of 1.85 and a beta of 1.07. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities analysts forecast that Deckers Outdoor Co. will post 5.92 EPS for the current year.

Deckers Outdoor Company 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.