Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,966 shares of the textile maker’s stock after acquiring an additional 424 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Deckers Outdoor were worth $3,446,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the period. City Center Advisors LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth $575,000. B. Riley Wealth Advisors Inc. grew its position in shares of Deckers Outdoor by 506.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock worth $1,060,000 after buying an additional 5,574 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after acquiring an additional 332,590 shares in the last quarter. Finally, Cadent Capital Advisors LLC lifted its stake in Deckers Outdoor by 116.8% in the fourth quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock worth $1,316,000 after acquiring an additional 3,491 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

NYSE:DECK opened at $168.18 on Monday. The firm has a market capitalization of $25.52 billion, a P/E ratio of 27.26, a PEG ratio of 1.93 and a beta of 1.07. The company’s fifty day moving average price is $203.55 and its 200-day moving average price is $142.83. Deckers Outdoor Co. has a 1-year low of $131.39 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,956 shares of company stock worth $10,387,731 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DECK. Stifel Nicolaus boosted their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. TD Cowen raised their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays increased their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Evercore ISI lifted their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Finally, Wells Fargo & Company decreased their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

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 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.