ING Groep NV Has $6.32 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

ING Groep NV raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 52.5% in the 4th quarter, HoldingsChannel reports. The firm owned 31,104 shares of the textile maker’s stock after buying an additional 10,714 shares during the period. ING Groep NV’s holdings in Deckers Outdoor were worth $6,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in DECK. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $31,000. Solstein Capital LLC increased its position in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the period. Bell Investment Advisors Inc increased its position in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the period. Finally, Rakuten Securities Inc. grew its position in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 2.4 %

Shares of DECK opened at $146.48 on Friday. The stock has a market cap of $22.23 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.71 and a beta of 1.07. The business has a 50-day simple moving average of $193.91 and a two-hundred day simple moving average of $150.21. Deckers Outdoor Co. has a 52 week low of $131.39 and a 52 week 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, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, equities analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In other news, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Barclays lifted their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Truist Financial lowered their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $197.41.

About Deckers Outdoor

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.