AustralianSuper Pty Ltd Reduces Stock Holdings in Deckers Outdoor Corporation $DECK

AustralianSuper Pty Ltd reduced its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 14.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 564,153 shares of the textile maker’s stock after selling 97,581 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Deckers Outdoor were worth $57,188,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DECK. Revolve Wealth Partners LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after purchasing an additional 522 shares during the last quarter. Empowered Funds LLC increased its stake in Deckers Outdoor by 165.6% during the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 6,384 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Deckers Outdoor by 8.1% in the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after buying an additional 521 shares during the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in shares of Deckers Outdoor in the second quarter worth $257,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the sale, the insider owned 34,020 shares in the company, valued at approximately $2,770,929. This represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DECK. Jefferies Financial Group boosted 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. Barclays dropped their price target on Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th. The Goldman Sachs Group cut their price objective on Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a report on Friday, October 24th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Deckers Outdoor in a report on Monday. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Deckers Outdoor in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average price target of $117.74.

Deckers Outdoor Stock Down 2.6%

Shares of DECK opened at $97.51 on Thursday. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 4.52 and a beta of 1.15. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $223.98. The stock’s 50-day moving average price is $99.14 and its 200-day moving average price is $101.37.

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.