Axa S.A. Decreases Stake in Deckers Outdoor Co. (NYSE:DECK)

AXA S.A. decreased its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 310,730 shares of the textile maker's stock after selling 93,374 shares during the quarter. AXA S.A. owned about 0.20% of Deckers Outdoor worth $63,106,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DECK. Headlands Technologies LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after acquiring an additional 120 shares during the last quarter. Itau Unibanco Holding S.A. grew its holdings in shares of Deckers Outdoor by 352.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after purchasing an additional 169 shares in the last quarter. Finally, Fortitude Family Office LLC increased its position in Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock worth $45,000 after purchasing an additional 198 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 1.0 %

Shares of DECK stock traded down $1.18 during mid-day trading on Tuesday, reaching $117.15. The stock had a trading volume of 1,952,345 shares, compared to its average volume of 2,396,068. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.68 and a beta of 1.11. The business's fifty day moving average is $115.45 and its 200-day moving average is $161.77.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating 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%. On average, analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DECK. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of Deckers Outdoor from $210.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Raymond James upgraded shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and cut their price target for the company from $235.00 to $150.00 in a report on Thursday, April 10th. Needham & Company LLC reissued a "buy" rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Stifel Nicolaus decreased their price target on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of "Moderate Buy" and an average price target of $174.55.

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