Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in Deckers Outdoor Corporation $DECK

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 310,390 shares of the textile maker’s stock after acquiring an additional 7,629 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of Deckers Outdoor worth $33,147,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Highland Capital Management LLC purchased a new position in Deckers Outdoor in the fourth quarter worth $1,759,000. Truist Financial Corp raised its position in Deckers Outdoor by 29.0% in the fourth quarter. Truist Financial Corp now owns 13,853 shares of the textile maker’s stock worth $1,436,000 after acquiring an additional 3,114 shares in the last quarter. Advisors Preferred LLC purchased a new position in Deckers Outdoor in the fourth quarter worth $1,632,000. Aurora Private Wealth Inc. purchased a new position in Deckers Outdoor in the fourth quarter worth $285,000. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in Deckers Outdoor in the fourth quarter worth $29,636,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group reiterated a “buy” rating and issued a $161.00 price objective (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Needham & Company LLC increased their price objective on Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Citigroup reiterated a “buy” rating and issued a $130.00 price objective (up from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Evercore set a $108.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. Finally, KGI Securities upgraded Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective for the company in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $125.60.

Deckers Outdoor Stock Down 2.2%

Shares of DECK stock opened at $100.42 on Friday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $133.43. The stock has a market cap of $14.25 billion, a P/E ratio of 14.18, a P/E/G ratio of 2.15 and a beta of 1.14. The business has a fifty day simple moving average of $105.05 and a 200-day simple moving average of $101.29.

Insider Activity

In other news, Director Lauri M. Shanahan sold 4,682 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the transaction, the director owned 25,026 shares in the company, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the transaction, the insider owned 42,461 shares of the company’s stock, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,092 shares of company stock worth $1,048,552 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.