AIA Group Ltd Boosts Holdings in Deckers Outdoor Co. (NYSE:DECK)

AIA Group Ltd boosted its stake in Deckers Outdoor Co. (NYSE:DECKFree Report) by 5.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,900 shares of the textile maker’s stock after purchasing an additional 100 shares during the period. AIA Group Ltd’s holdings in Deckers Outdoor were worth $977,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of DECK. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Deckers Outdoor by 82,129.6% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 69,272,670 shares of the textile maker’s stock valued at $36,552,417,000 after buying an additional 69,188,427 shares during the last quarter. BlackRock Inc. boosted its position in Deckers Outdoor by 20.9% during the second quarter. BlackRock Inc. now owns 2,951,309 shares of the textile maker’s stock worth $1,557,288,000 after purchasing an additional 510,292 shares during the period. State Street Corp increased its stake in shares of Deckers Outdoor by 15.0% in the second quarter. State Street Corp now owns 838,595 shares of the textile maker’s stock worth $442,493,000 after purchasing an additional 109,341 shares in the last quarter. Morgan Stanley raised its position in shares of Deckers Outdoor by 213.8% in the fourth quarter. Morgan Stanley now owns 613,351 shares of the textile maker’s stock valued at $244,825,000 after purchasing an additional 417,917 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Deckers Outdoor by 18.0% during the 1st quarter. Wellington Management Group LLP now owns 433,426 shares of the textile maker’s stock valued at $118,658,000 after acquiring an additional 66,072 shares during the period. Hedge funds and other institutional investors own 95.69% of the company’s stock.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO David Powers sold 17,978 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the completion of the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $70,375,161.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Deckers Outdoor news, insider Caroti Stefano sold 14,725 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $687.46, for a total transaction of $10,122,848.50. Following the completion of the sale, the insider now directly owns 49,036 shares in the company, valued at approximately $33,710,288.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Powers sold 17,978 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the completion of the transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $70,375,161.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,895 shares of company stock worth $29,397,945. Company insiders own 0.70% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $724.71 on Thursday. Deckers Outdoor Co. has a 1 year low of $395.90 and a 1 year high of $725.65. The stock’s 50-day moving average is $675.43 and its 200 day moving average is $584.90. The company has a market cap of $18.65 billion, a PE ratio of 31.28, a P/E/G ratio of 1.70 and a beta of 0.95.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its earnings results on Thursday, October 26th. The textile maker reported $6.82 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $2.41. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $960.54 million. Deckers Outdoor had a return on equity of 33.96% and a net margin of 15.51%. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.80 earnings per share. Analysts expect that Deckers Outdoor Co. will post 23.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DECK shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $615.00 price target on shares of Deckers Outdoor in a research report on Thursday, October 19th. Truist Financial assumed coverage on Deckers Outdoor in a research report on Friday, November 17th. They set a “buy” rating and a $735.00 price target on the stock. Robert W. Baird raised their price target on shares of Deckers Outdoor from $650.00 to $750.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Wells Fargo & Company increased their price objective on Deckers Outdoor from $540.00 to $625.00 and gave the stock an “equal weight” rating in a research report on Friday, December 22nd. Finally, Citigroup lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and upped their target price for the stock from $665.00 to $710.00 in a research report on Friday, December 8th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $674.54.

Get Our Latest Stock Analysis on Deckers Outdoor

About Deckers Outdoor

(Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

Further Reading

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Co. (NYSE:DECKFree Report).

Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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