AIA Group Ltd Acquires Shares of 37,800 Deckers Outdoor Corporation $DECK

AIA Group Ltd bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the third quarter, HoldingsChannel reports. The institutional investor bought 37,800 shares of the textile maker’s stock, valued at approximately $3,832,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hudson Bay Capital Management LP purchased a new position in shares of Deckers Outdoor during the third quarter valued at $216,000. Groupama Asset Managment raised its stake in shares of Deckers Outdoor by 33.6% during the 3rd quarter. Groupama Asset Managment now owns 5,562 shares of the textile maker’s stock worth $564,000 after acquiring an additional 1,398 shares in the last quarter. Cambria Investment Management L.P. purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at $263,000. CIBC Private Wealth Group LLC grew its stake in Deckers Outdoor by 4,232.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 98,607 shares of the textile maker’s stock worth $9,996,000 after buying an additional 96,331 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Deckers Outdoor during the 3rd quarter valued at about $2,079,000. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of several recent analyst reports. Truist Financial set a $132.00 price target on Deckers Outdoor in a report on Friday, January 30th. Wells Fargo & Company set a $110.00 price objective on shares of Deckers Outdoor and gave the company an “equal weight” rating in a research report on Friday, January 30th. The Goldman Sachs Group reiterated a “sell” rating and issued a $92.00 target price (up from $81.00) on shares of Deckers Outdoor 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 stock a “buy” rating in a research report on Friday, January 30th. Finally, Citigroup restated a “buy” rating and set a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $105.04 on Friday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $133.43. The firm has a market capitalization of $14.91 billion, a PE ratio of 14.84, a P/E/G ratio of 2.38 and a beta of 1.15. The stock’s 50-day simple moving average is $108.68 and its 200-day simple moving average is $102.70.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, beating 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 firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm earned $3.00 earnings per share. Deckers Outdoor’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In other news, 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 value of $39,481.66. Following the sale, the insider directly owned 42,461 shares of the company’s stock, valued at $4,831,212.58. This represents a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the completion of the sale, the director owned 25,026 shares in the company, valued at $2,873,985.84. The trade was a 15.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,092 shares of company stock worth $1,048,552. Company insiders own 0.40% of the company’s stock.

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.