BI Asset Management Fondsmaeglerselskab A S Reduces Stake in Deckers Outdoor Corporation $DECK

BI Asset Management Fondsmaeglerselskab A S cut its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 36.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,831 shares of the textile maker’s stock after selling 41,828 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Deckers Outdoor were worth $7,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. lifted its position in Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Deckers Outdoor by 4.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock worth $263,000 after acquiring an additional 106 shares during the last quarter. American National Bank & Trust boosted its stake in shares of Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after purchasing an additional 106 shares during the period. RB Capital Management LLC grew its holdings in Deckers Outdoor by 1.0% during the 3rd quarter. RB Capital Management LLC now owns 10,679 shares of the textile maker’s stock valued at $1,083,000 after purchasing an additional 110 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its position in Deckers Outdoor by 2.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 4,990 shares of the textile maker’s stock worth $506,000 after purchasing an additional 112 shares during the period. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Performance

NYSE DECK opened at $111.02 on Friday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $177.64. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 2.56 and a beta of 1.16. The company’s 50-day simple moving average is $102.38 and its two-hundred day simple moving average is $101.89.

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company set a $110.00 target price on Deckers Outdoor and gave the company an “equal weight” rating in a research report on Friday, January 30th. Stifel Nicolaus upped their price objective on Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 30th. KGI Securities upgraded Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price on the stock in a research note on Friday, January 30th. Needham & Company LLC boosted their target price on shares of Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Sanford C. Bernstein set a $90.00 price objective on shares of Deckers Outdoor in a report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $125.20.

About Deckers Outdoor

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.