Aviva PLC Has $54.32 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Aviva PLC reduced its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,447 shares of the textile maker’s stock after selling 13,105 shares during the period. Aviva PLC owned approximately 0.18% of Deckers Outdoor worth $54,316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DECK. Vanguard Group Inc. lifted its position in shares of Deckers Outdoor by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock worth $3,582,464,000 after buying an additional 229,807 shares during the last quarter. State Street Corp lifted its holdings in shares of Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after acquiring an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Deckers Outdoor by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker’s stock valued at $831,723,000 after purchasing an additional 45,035 shares in the last quarter. Norges Bank acquired a new position in Deckers Outdoor during the 4th quarter worth approximately $392,583,000. Finally, American Century Companies Inc. lifted its stake in Deckers Outdoor by 6.4% in the 4th quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker’s stock valued at $265,262,000 after purchasing an additional 78,623 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DECK shares. Truist Financial lowered their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Evercore ISI boosted their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Barclays raised their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Price Performance

NYSE DECK opened at $106.04 on Friday. The stock has a market capitalization of $16.09 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.68 and a beta of 1.10. The business has a 50 day simple moving average of $142.96 and a 200 day simple moving average of $169.76. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.