UBS Asset Management Americas Inc. lowered its stake in Deckers Outdoor Co. (NYSE:DECK) by 17.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,729 shares of the textile maker’s stock after selling 12,160 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Deckers Outdoor were worth $16,556,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Creative Planning lifted its stake in shares of Deckers Outdoor by 2.1% in the 4th quarter. Creative Planning now owns 1,736 shares of the textile maker’s stock valued at $498,000 after purchasing an additional 35 shares during the period. Amalgamated Bank raised its stake in Deckers Outdoor by 0.9% during the 4th quarter. Amalgamated Bank now owns 4,619 shares of the textile maker’s stock worth $1,325,000 after buying an additional 41 shares during the period. Captrust Financial Advisors raised its stake in Deckers Outdoor by 5.0% during the 3rd quarter. Captrust Financial Advisors now owns 952 shares of the textile maker’s stock worth $224,000 after buying an additional 45 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of Deckers Outdoor by 36.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 250 shares of the textile maker’s stock valued at $71,000 after purchasing an additional 67 shares during the period. Finally, MorganRosel Wealth Management LLC raised its stake in shares of Deckers Outdoor by 3.5% in the 4th quarter. MorganRosel Wealth Management LLC now owns 2,445 shares of the textile maker’s stock valued at $701,000 after purchasing an additional 82 shares during the period. 95.86% of the stock is currently owned by institutional investors.
Several research firms have issued reports on DECK. Pivotal Research lifted their price target on Deckers Outdoor from $300.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, February 2nd. UBS Group increased their price target on Deckers Outdoor from $388.00 to $400.00 in a research note on Thursday, January 21st. Citigroup increased their price target on Deckers Outdoor from $310.00 to $380.00 in a research note on Wednesday, January 27th. BTIG Research increased their price target on Deckers Outdoor from $307.00 to $412.00 and gave the company a “buy” rating in a research note on Wednesday, January 13th. Finally, Telsey Advisory Group increased their price objective on Deckers Outdoor from $302.00 to $320.00 and gave the stock an “outperform” rating in a research report on Monday, February 1st. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $334.00.
In related news, COO David E. Lafitte sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $330.99, for a total transaction of $165,495.00. Following the completion of the transaction, the chief operating officer now owns 28,682 shares of the company’s stock, valued at $9,493,455.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 1,500 shares of company stock valued at $479,880. 1.33% of the stock is owned by corporate insiders.
DECK opened at $335.80 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.98 and a quick ratio of 2.02. The company’s 50-day moving average is $329.27 and its 200 day moving average is $293.65. Deckers Outdoor Co. has a fifty-two week low of $128.92 and a fifty-two week high of $348.23. The firm has a market capitalization of $9.46 billion, a P/E ratio of 30.50, a PEG ratio of 1.57 and a beta of 0.74.
Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Wednesday, February 3rd. The textile maker reported $8.99 earnings per share for the quarter, beating analysts’ consensus estimates of $7.01 by $1.98. Deckers Outdoor had a net margin of 14.02% and a return on equity of 26.81%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $965.20 million. On average, equities research analysts expect that Deckers Outdoor Co. will post 11.13 earnings per share for the current year.
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. It offers premium footwear, apparel, and accessories under the UGG brand name; sport sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.
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