Tredje AP fonden Cuts Stock Holdings in Deckers Outdoor Corporation $DECK

Tredje AP fonden lowered its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 38.7% during the 4th quarter, Holdings Channel reports. The firm owned 568,353 shares of the textile maker’s stock after selling 359,256 shares during the period. Tredje AP fonden’s holdings in Deckers Outdoor were worth $58,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. raised its stake in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the period. Resonant Capital Advisors LLC raised its stake in shares of Deckers Outdoor by 4.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 3,097 shares of the textile maker’s stock valued at $314,000 after purchasing an additional 128 shares during the period. Perennial Investment Advisors LLC raised its stake in shares of Deckers Outdoor by 5.4% during the 3rd quarter. Perennial Investment Advisors LLC now owns 2,709 shares of the textile maker’s stock valued at $275,000 after purchasing an additional 138 shares during the period. BOKF NA increased its stake in Deckers Outdoor by 0.9% in the 3rd quarter. BOKF NA now owns 17,412 shares of the textile maker’s stock worth $1,765,000 after acquiring an additional 150 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in Deckers Outdoor by 7.3% in the 4th quarter. Ritholtz Wealth Management now owns 2,232 shares of the textile maker’s stock worth $231,000 after acquiring an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Evercore set a $108.00 target price on Deckers Outdoor in a research note on Friday, January 30th. Sanford C. Bernstein upgraded Deckers Outdoor from an “underperform” rating to a “market perform” rating and increased their target price for the company from $90.00 to $100.00 in a report on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating and set a $143.00 price target (up from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Needham & Company LLC upped their price target on Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company lowered Deckers Outdoor from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $115.00 to $90.00 in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $125.05.

Deckers Outdoor Trading Up 1.2%

Shares of DECK opened at $94.64 on Tuesday. The business’s fifty day simple moving average is $102.50 and its two-hundred day simple moving average is $101.27. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $131.58. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 2.01 and a beta of 1.14.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.