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Mutual of America and Forum Financial Management reduced their stakes in Deckers Outdoor, despite the company's strong earnings.
Mutual of America Capital Management sold shares of Deckers Outdoor, reducing its holdings by 3.0% to 17,663 shares, worth $1.975 million.
Forum Financial Management also decreased its holdings by 17.4%.
Deckers Outdoor reported earnings per share of $1.00, exceeding expectations.
The company, known for brands like UGG and HOKA, has a consensus rating of "Hold" with a price target of $135.61.
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Mutual of America y Forum Financial Management redujeron su participación en Deckers Outdoor, a pesar de las fuertes ganancias de la empresa.