UBS Group AG reduced its position in shares of Deckers Outdoor Co. (NYSE:DECK – Free Report) by 56.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,175 shares of the textile maker’s stock after selling 32,390 shares during the quarter. UBS Group AG owned 0.10% of Deckers Outdoor worth $16,828,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its stake in shares of Deckers Outdoor by 7.4% in the third quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock worth $119,000 after acquiring an additional 16 shares during the last quarter. Janiczek Wealth Management LLC boosted its holdings in Deckers Outdoor by 20.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after purchasing an additional 16 shares in the last quarter. Chase Investment Counsel Corp boosted its holdings in Deckers Outdoor by 0.3% during the third quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock valued at $2,967,000 after acquiring an additional 19 shares during the period. Alcosta Capital Management Inc. boosted its holdings in Deckers Outdoor by 0.4% during the third quarter. Alcosta Capital Management Inc. now owns 5,624 shares of the textile maker’s stock valued at $2,891,000 after acquiring an additional 25 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in Deckers Outdoor by 18.5% during the fourth quarter. First Horizon Advisors Inc. now owns 179 shares of the textile maker’s stock valued at $120,000 after acquiring an additional 28 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on DECK shares. Evercore ISI increased their target price on shares of Deckers Outdoor from $960.00 to $1,110.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. TD Cowen raised their price objective on shares of Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Robert W. Baird raised their price objective on shares of Deckers Outdoor from $975.00 to $1,050.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. BTIG Research increased their price target on shares of Deckers Outdoor from $1,020.00 to $1,120.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Wells Fargo & Company increased their price target on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, May 24th. Six research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $1,018.44.
Check Out Our Latest Research Report on DECK
Insider Buying and Selling at Deckers Outdoor
In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Thomas Garcia sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the transaction, the insider now directly owns 11,654 shares in the company, valued at approximately $12,526,418.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares in the company, valued at $80,942,435.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,986 shares of company stock worth $16,922,971. Insiders own 0.70% of the company’s stock.
Deckers Outdoor Stock Up 1.7 %
Shares of NYSE DECK opened at $1,082.58 on Friday. The company’s fifty day moving average is $885.29 and its 200-day moving average is $806.12. The stock has a market cap of $27.54 billion, a price-to-earnings ratio of 36.96, a P/E/G ratio of 3.60 and a beta of 1.05. Deckers Outdoor Co. has a twelve month low of $464.25 and a twelve month high of $1,095.48.
Deckers Outdoor (NYSE:DECK – Get Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The business had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. During the same period last year, the business posted $3.46 earnings per share. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. On average, research analysts anticipate that Deckers Outdoor Co. will post 30.66 EPS for the current fiscal year.
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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.
Read More
- Five stocks we like better than Deckers Outdoor
- Find and Profitably Trade Stocks at 52-Week Lows
- Pure Storage Stock Spikes and Analysts are Jumping on Board
- How to Use the MarketBeat Dividend Calculator
- 3 Penny Stocks Trading Abnormal Volume Today
- What is a Secondary Public Offering? What Investors Need to Know
- Salesforce Falls 25% Into A Once in a Lifetime Opportunity
Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Co. (NYSE:DECK – Free Report).
Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.
