Deckers Outdoor Corporation $DECK Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its stake in Deckers Outdoor Corporation (NYSE:DECK) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,664 shares of the textile maker’s stock after selling 67,000 shares during the period. Handelsbanken Fonder AB’s holdings in Deckers Outdoor were worth $27,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Deckers Outdoor in the third quarter valued at approximately $30,000. Elyxium Wealth LLC bought a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its holdings 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 acquiring an additional 100 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 245 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $94.19 on Wednesday. The company has a 50 day moving average price of $102.30 and a 200 day moving average price of $101.34. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $131.58. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 2.03 and a beta of 1.14.

Analysts Set New Price Targets

Several research firms have recently issued reports on DECK. Jefferies Financial Group increased their price objective on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, January 27th. Truist Financial set a $132.00 price objective on Deckers Outdoor in a research note on Friday, January 30th. UBS Group restated a “buy” rating and issued a $145.00 target price (down from $161.00) on shares of Deckers Outdoor in a report on Thursday, May 14th. Piper Sandler raised Deckers Outdoor from an “underweight” rating to a “neutral” rating and upped their target price for the company from $95.00 to $100.00 in a report on Monday. Finally, Zacks Research lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $122.42.

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.