UBS Asset Management Americas Inc. lifted its position in Deckers Outdoor Corp (NYSE:DECK) by 95.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,969 shares of the textile maker’s stock after acquiring an additional 22,420 shares during the period. UBS Asset Management Americas Inc. owned 0.14% of Deckers Outdoor worth $3,689,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in DECK. American Century Companies Inc. raised its position in shares of Deckers Outdoor by 360.2% in the 4th quarter. American Century Companies Inc. now owns 810,815 shares of the textile maker’s stock worth $65,068,000 after acquiring an additional 634,610 shares in the last quarter. Tremblant Capital Group bought a new position in shares of Deckers Outdoor in the 3rd quarter worth approximately $18,638,000. Bank of New York Mellon Corp raised its position in shares of Deckers Outdoor by 21.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,105,440 shares of the textile maker’s stock worth $75,623,000 after acquiring an additional 195,164 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Deckers Outdoor by 264.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 265,436 shares of the textile maker’s stock worth $17,823,000 after acquiring an additional 192,617 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of Deckers Outdoor in the 3rd quarter worth approximately $8,548,000. 99.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Deckers Outdoor Corp (NYSE:DECK) opened at $90.87 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.25 and a quick ratio of 2.16. The firm has a market capitalization of $2,867.55, a P/E ratio of 16.91, a P/E/G ratio of 1.44 and a beta of 1.17. Deckers Outdoor Corp has a 52 week low of $52.58 and a 52 week high of $98.92.
In other Deckers Outdoor news, insider Andrea O’donnell sold 2,220 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $93.90, for a total transaction of $208,458.00. Following the sale, the insider now directly owns 17,793 shares in the company, valued at approximately $1,670,762.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO David E. Lafitte sold 863 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $92.97, for a total value of $80,233.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,168 shares of company stock worth $1,341,189. Company insiders own 1.90% of the company’s stock.
Several research analysts have recently issued reports on the company. Pivotal Research lowered Deckers Outdoor from a “buy” rating to a “hold” rating and set a $108.00 target price for the company. in a research report on Monday. Buckingham Research increased their target price on Deckers Outdoor from $73.00 to $89.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Canaccord Genuity reissued a “buy” rating and issued a $100.00 target price (up previously from $78.00) on shares of Deckers Outdoor in a research report on Monday, January 29th. Wedbush reissued a “neutral” rating and issued a $83.00 target price (up previously from $72.00) on shares of Deckers Outdoor in a research report on Thursday, January 25th. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their target price on Deckers Outdoor from $93.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $87.86.
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Deckers Outdoor Profile
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.
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