Skandinaviska Enskilda Banken AB publ Buys 22,272 Shares of Deckers Outdoor Co. (NYSE:DECK)

Skandinaviska Enskilda Banken AB publ increased its position in Deckers Outdoor Co. (NYSE:DECK) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 816,087 shares of the textile maker’s stock after buying an additional 22,272 shares during the period. Deckers Outdoor comprises approximately 0.8% of Skandinaviska Enskilda Banken AB publ’s holdings, making the stock its 24th largest position. Skandinaviska Enskilda Banken AB publ’s holdings in Deckers Outdoor were worth $167,918,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DECK. Assetmark Inc. boosted its stake in shares of Deckers Outdoor by 584.2% during the third quarter. Assetmark Inc. now owns 15,299 shares of the textile maker’s stock valued at $2,439,000 after purchasing an additional 13,063 shares during the period. Atria Investments Inc grew its stake in Deckers Outdoor by 583.9% during the 3rd quarter. Atria Investments Inc now owns 16,263 shares of the textile maker’s stock worth $2,593,000 after buying an additional 13,885 shares during the last quarter. Axxcess Wealth Management LLC raised its position in shares of Deckers Outdoor by 603.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 5,434 shares of the textile maker’s stock valued at $866,000 after purchasing an additional 4,661 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Deckers Outdoor by 140.0% during the third quarter. Crossmark Global Holdings Inc. now owns 15,713 shares of the textile maker’s stock worth $2,506,000 after buying an additional 9,166 shares during the period. Finally, Chartwell Investment Partners LLC lifted its position in Deckers Outdoor by 500.0% during the 3rd quarter. Chartwell Investment Partners LLC now owns 16,116 shares of the textile maker’s stock worth $2,570,000 after acquiring an additional 13,430 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 1.0 %

Shares of NYSE DECK opened at $121.71 on Thursday. Deckers Outdoor Co. has a 52 week low of $119.30 and a 52 week high of $223.98. The company’s 50-day moving average price is $174.78 and its 200 day moving average price is $160.88. The stock has a market cap of $18.47 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 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%. As a group, research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Jefferies Financial Group lifted their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. UBS Group raised their target price on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday, January 31st. Truist Financial decreased their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $197.41.

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.