First Hawaiian Bank Increases Stake in Deckers Outdoor Co. (NYSE:DECK)

First Hawaiian Bank boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 4.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,556 shares of the textile maker’s stock after acquiring an additional 1,000 shares during the period. First Hawaiian Bank’s holdings in Deckers Outdoor were worth $4,987,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DECK. FMR LLC boosted its stake in shares of Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares during the period. State Street Corp grew its position in shares of Deckers Outdoor by 513.8% in the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Deckers Outdoor by 509.1% during the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after purchasing an additional 3,393,420 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after acquiring an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Deckers Outdoor by 529.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after purchasing an additional 1,074,263 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of DECK traded up $2.74 during mid-day trading on Wednesday, reaching $207.84. 1,564,186 shares of the company’s stock traded hands, compared to its average volume of 1,865,377. The business’s 50-day moving average price is $192.60 and its 200-day moving average price is $114.36. The stock has a market capitalization of $31.58 billion, a P/E ratio of 36.55, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a 12 month low of $114.11 and a 12 month high of $214.70.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Deckers Outdoor’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. Equities research analysts anticipate that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Needham & Company LLC raised their price target on shares of Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America lifted their price target on shares of Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their price target on Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on shares of Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Barclays boosted their price target on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $159.76.

Deckers Outdoor Company 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.