Deckers Outdoor Corporation $DECK Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 65.3% during the third quarter, Holdings Channel reports. The firm owned 7,809 shares of the textile maker’s stock after selling 14,685 shares during the quarter. Shell Asset Management Co.’s holdings in Deckers Outdoor were worth $792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Deckers Outdoor by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock valued at $454,662,000 after buying an additional 114,779 shares during the period. Invesco Ltd. boosted its holdings in Deckers Outdoor by 19.4% during the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock valued at $286,660,000 after acquiring an additional 452,081 shares during the period. Norges Bank acquired a new position in Deckers Outdoor in the 2nd quarter valued at about $223,036,000. Federated Hermes Inc. increased its stake in Deckers Outdoor by 46.5% during the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after purchasing an additional 541,657 shares during the period. Finally, Tredje AP fonden increased its stake in Deckers Outdoor by 507.2% during the second quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock worth $133,012,000 after purchasing an additional 1,077,965 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 0.3%

Shares of DECK stock opened at $115.68 on Tuesday. The company has a market cap of $16.42 billion, a P/E ratio of 16.34, a PEG ratio of 2.64 and a beta of 1.16. The firm has a fifty day moving average price of $105.26 and a 200 day moving average price of $102.10. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $158.00.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $3.00 EPS. Deckers Outdoor’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Insider Buying and Selling

In other news, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the sale, the insider owned 80,449 shares in the company, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robin Spring-Green sold 347 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the transaction, the insider owned 42,461 shares of the company’s stock, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of research reports. Robert W. Baird cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Evercore set a $108.00 price target on shares of Deckers Outdoor in a research report on Friday, January 30th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $92.00 price objective (up previously from $81.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Wednesday, January 21st. Finally, UBS Group reissued a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $125.20.

Deckers Outdoor 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.