J. Safra Sarasin Holding AG Grows Stake in Deckers Outdoor Co. (NYSE:DECK)

J. Safra Sarasin Holding AG lifted its stake in Deckers Outdoor Co. (NYSE:DECK) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,771 shares of the textile maker’s stock after purchasing an additional 510 shares during the quarter. J. Safra Sarasin Holding AG owned 0.07% of Deckers Outdoor worth $21,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Resonant Capital Advisors LLC lifted its stake in shares of Deckers Outdoor by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock worth $489,000 after buying an additional 52 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. lifted its position in Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after acquiring an additional 64 shares in the last quarter. Prosperity Wealth Management Inc. increased its holdings in shares of Deckers Outdoor by 2.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock worth $564,000 after purchasing an additional 75 shares in the last quarter. Finally, WD Rutherford LLC raised its stake in shares of Deckers Outdoor by 4.8% in the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock worth $352,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DECK. Truist Financial reduced their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Jefferies Financial Group lifted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Friday, February 7th. Finally, Raymond James raised Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and lowered their price target for the company from $235.00 to $150.00 in a report on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.89.

Deckers Outdoor Stock Up 2.6 %

Shares of Deckers Outdoor stock opened at $105.66 on Monday. The company has a market cap of $16.04 billion, a P/E ratio of 17.13, a PEG ratio of 1.68 and a beta of 1.07. The firm’s 50 day moving average price is $124.26 and its 200-day moving average price is $165.68. Deckers Outdoor Co. has a 52-week low of $93.72 and a 52-week high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

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