Forsta AP Fonden Has $11.88 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Forsta AP Fonden increased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,500 shares of the textile maker’s stock after buying an additional 1,700 shares during the period. Forsta AP Fonden’s holdings in Deckers Outdoor were worth $11,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake 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 purchasing an additional 19,053,113 shares during the period. State Street Corp lifted its holdings in shares of Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 3,393,420 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after acquiring an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Deckers Outdoor by 529.0% during the third 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 worth $203,674,000 after acquiring an additional 1,074,263 shares during the period. 97.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Bank of America increased their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Piper Sandler set a $166.00 price target on Deckers Outdoor in a research report on Thursday, October 17th. Truist Financial upped their target price on Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Robert W. Baird increased their target price on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.58.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $223.00 on Friday. The firm’s 50-day simple moving average is $206.19 and its two-hundred day simple moving average is $135.05. Deckers Outdoor Co. has a 52 week low of $125.15 and a 52 week high of $223.98. The firm has a market cap of $33.88 billion, a price-to-earnings ratio of 39.22, a P/E/G ratio of 2.98 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Analysts forecast that Deckers Outdoor Co. will post 5.56 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction 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 approximately $11,155,169.76. The trade was a 22.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Caroti Stefano sold 15,000 shares of Deckers Outdoor stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the sale, the chief executive officer now owns 273,540 shares in the company, valued at $48,069,184.20. This represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,758 shares of company stock valued at $13,506,861 over the last three months. Insiders own 0.40% of the company’s stock.

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.