Allianz SE Reduces Stake in Deckers Outdoor Corporation $DECK

Allianz SE reduced its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 86.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,531 shares of the textile maker’s stock after selling 15,781 shares during the quarter. Allianz SE’s holdings in Deckers Outdoor were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DECK. Revolve Wealth Partners LLC bought a new position in shares of Deckers Outdoor during the 4th quarter valued at approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Deckers Outdoor by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after buying an additional 522 shares during the period. Empowered Funds LLC increased its position in Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after acquiring an additional 6,384 shares during the last quarter. Focus Partners Wealth raised its stake 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 valued at $773,000 after acquiring an additional 521 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Deckers Outdoor by 6.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,926 shares of the textile maker’s stock worth $1,229,000 after acquiring an additional 767 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction on Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the transaction, the director directly owned 25,026 shares in the company, valued at approximately $2,873,985.84. This trade represents a 15.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robin Spring-Green sold 347 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the transaction, the insider directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DECK. UBS Group reissued a “buy” rating and issued a $161.00 price objective (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Piper Sandler reiterated an “underweight” rating and issued a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. KGI Securities raised Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price target for the company in a research note on Friday, January 30th. Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, Truist Financial set a $132.00 target price on Deckers Outdoor in a research note on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.20.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $117.13 on Friday. The firm has a 50-day simple moving average of $108.31 and a 200-day simple moving average of $103.07. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $141.90. The firm has a market cap of $16.63 billion, a P/E ratio of 16.54, a P/E/G ratio of 2.67 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.56. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. Deckers Outdoor’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $3.00 earnings per share. On average, research analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor Company 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.