AMF Tjanstepension AB Has $49.93 Million Stake in Deckers Outdoor Corporation $DECK

AMF Tjanstepension AB decreased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 55.9% in the 4th quarter, Holdings Channel reports. The fund owned 481,574 shares of the textile maker’s stock after selling 610,401 shares during the period. AMF Tjanstepension AB’s holdings in Deckers Outdoor were worth $49,925,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Conway Capital Management Inc. raised its stake in Deckers Outdoor by 5.0% during the fourth quarter. Conway Capital Management Inc. now owns 22,262 shares of the textile maker’s stock worth $2,308,000 after acquiring an additional 1,050 shares in the last quarter. ProShare Advisors LLC raised its stake in Deckers Outdoor by 52.5% during the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock worth $4,356,000 after acquiring an additional 14,470 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Deckers Outdoor by 40.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,122 shares of the textile maker’s stock worth $116,000 after acquiring an additional 325 shares in the last quarter. Mission Wealth Management LP raised its stake in Deckers Outdoor by 1.9% during the fourth quarter. Mission Wealth Management LP now owns 15,698 shares of the textile maker’s stock worth $1,627,000 after acquiring an additional 289 shares in the last quarter. Finally, North Dakota State Investment Board bought a new stake in shares of Deckers Outdoor during the fourth quarter worth about $527,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DECK. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. Sanford C. Bernstein upgraded Deckers Outdoor from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $90.00 to $100.00 in a report on Wednesday, May 6th. Wells Fargo & Company cut Deckers Outdoor from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $115.00 to $90.00 in a report on Friday, May 8th. Stifel Nicolaus boosted their price target on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, UBS Group restated a “buy” rating and set a $145.00 price target (down from $161.00) on shares of Deckers Outdoor in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $125.05.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $94.64 on Tuesday. The company has a market capitalization of $13.43 billion, a PE ratio of 13.37, a P/E/G ratio of 2.01 and a beta of 1.14. The company has a 50 day simple moving average of $102.50 and a two-hundred day simple moving average of $101.27. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $131.58.

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.