Swiss Life Asset Management Ltd Acquires 66,878 Shares of Deckers Outdoor Corporation $DECK

Swiss Life Asset Management Ltd increased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 108.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,317 shares of the textile maker’s stock after acquiring an additional 66,878 shares during the period. Swiss Life Asset Management Ltd owned about 0.09% of Deckers Outdoor worth $13,303,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Deckers Outdoor during the 3rd quarter worth approximately $30,000. Rakuten Securities Inc. grew its position in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Activest Wealth Management grew its position in Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after acquiring an additional 245 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new position in Deckers Outdoor in the 4th quarter valued at $40,000. 97.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the sale, the insider owned 42,461 shares of the company’s stock, valued at $4,831,212.58. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. This represents a 15.76% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DECK has been the subject of a number of recent research reports. Wells Fargo & Company downgraded Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $115.00 to $90.00 in a research report on Friday. Stifel Nicolaus boosted their target price on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Evercore set a $108.00 target price on Deckers Outdoor in a research report on Friday, January 30th. UBS Group restated a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Jefferies Financial Group boosted their target price on Deckers Outdoor from $102.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Deckers Outdoor has an average rating of “Hold” and a consensus price target of $125.60.

Deckers Outdoor Trading Down 1.8%

Shares of Deckers Outdoor stock opened at $94.91 on Wednesday. The company has a market capitalization of $13.47 billion, a PE ratio of 13.41, a PEG ratio of 2.07 and a beta of 1.14. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $131.58. The stock’s fifty day simple moving average is $103.77 and its 200 day simple moving average is $101.21.

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.