15,159 Shares in Deckers Outdoor Co. (NYSE:DECK) Bought by Avanza Fonder AB

Avanza Fonder AB bought a new position in Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, Holdings Channel.com reports. The firm bought 15,159 shares of the textile maker’s stock, valued at approximately $3,079,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Solstein Capital LLC lifted its stake in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its stake in Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DECK has been the subject of several recent research reports. Needham & Company LLC boosted their price target on shares of Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Telsey Advisory Group boosted their price target on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Guggenheim assumed coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating for the company. Finally, Truist Financial upped their price objective on shares of Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $165.06.

Deckers Outdoor Price Performance

Shares of DECK opened at $210.15 on Friday. Deckers Outdoor Co. has a one year low of $120.23 and a one year high of $214.70. The company has a 50-day simple moving average of $199.20 and a two-hundred day simple moving average of $123.15. The firm has a market capitalization of $31.93 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business posted $1.14 earnings per share. Deckers Outdoor’s quarterly revenue was up 20.1% compared to the same quarter last year. Analysts expect that Deckers Outdoor Co. will post 5.53 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the transaction, the insider now owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the transaction, the insider now directly owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,036 shares of company stock valued at $13,715,482. Corporate insiders own 0.40% of the company’s stock.

About Deckers Outdoor

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.