Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,444 shares of the textile maker’s stock after buying an additional 600 shares during the period. Handelsbanken Fonder AB’s holdings in Deckers Outdoor were worth $3,639,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. V Square Quantitative Management LLC increased its stake in Deckers Outdoor by 7.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock valued at $119,000 after buying an additional 16 shares during the period. Janiczek Wealth Management LLC grew its stake in shares of Deckers Outdoor by 20.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after purchasing an additional 16 shares during the last quarter. Chase Investment Counsel Corp grew its stake in shares of Deckers Outdoor by 0.3% in the 3rd quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock worth $2,967,000 after purchasing an additional 19 shares during the last quarter. Flputnam Investment Management Co. grew its stake in shares of Deckers Outdoor by 2.9% in the 3rd quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock worth $389,000 after purchasing an additional 21 shares during the last quarter. Finally, Alcosta Capital Management Inc. grew its stake in shares of Deckers Outdoor by 0.4% in the 3rd quarter. Alcosta Capital Management Inc. now owns 5,624 shares of the textile maker’s stock worth $2,891,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

DECK stock opened at $807.12 on Friday. The stock has a market cap of $20.72 billion, a P/E ratio of 29.03, a P/E/G ratio of 1.47 and a beta of 1.01. The firm has a 50 day simple moving average of $882.86 and a 200 day simple moving average of $744.28. Deckers Outdoor Co. has a 52 week low of $424.36 and a 52 week high of $956.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, topping the consensus estimate of $11.40 by $3.71. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $10.48 earnings per share. Sell-side analysts predict that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DECK. Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research note on Friday, February 2nd. Bank of America cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $875.00 to $860.00 in a research note on Thursday. Raymond James lifted their price objective on shares of Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Barclays assumed coverage on shares of Deckers Outdoor in a research note on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price objective on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $1,000.00 target price on shares of Deckers Outdoor in a report on Wednesday, April 10th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $889.00.

Insider Buying and Selling

In related news, CFO Steven J. Fasching sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the sale, the chief financial officer now directly owns 29,291 shares in the company, valued at $24,733,320.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven J. Fasching sold 5,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the sale, the chief financial officer now owns 29,291 shares of the company’s stock, valued at $24,733,320.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,464 shares of company stock worth $26,229,683. 0.70% of the stock is owned by company insiders.

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