Edmond DE Rothschild Holding S.A. Has $26.09 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Edmond DE Rothschild Holding S.A. lifted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,479 shares of the textile maker's stock after purchasing an additional 17,402 shares during the quarter. Edmond DE Rothschild Holding S.A. owned about 0.08% of Deckers Outdoor worth $26,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Resonant Capital Advisors LLC increased its stake in shares of Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock valued at $489,000 after acquiring an additional 52 shares during the period. Bleakley Financial Group LLC increased its position in shares of Deckers Outdoor by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock valued at $293,000 after purchasing an additional 54 shares during the period. Mather Group LLC. raised its stake in shares of Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock worth $521,000 after buying an additional 64 shares in the last quarter. Prosperity Wealth Management Inc. lifted its holdings in shares of Deckers Outdoor by 2.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock valued at $564,000 after buying an additional 75 shares during the period. Finally, WD Rutherford LLC boosted its stake in Deckers Outdoor by 4.8% during the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock valued at $352,000 after buying an additional 79 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Remove Ads

Insiders Place Their Bets

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now owns 10,388 shares of the company's stock, valued at $1,396,978.24. The trade was a 2.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now 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. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

DECK has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a report on Friday, January 31st. Telsey Advisory Group restated an "outperform" rating and set a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Bank of America increased their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Finally, Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $197.41.

Deckers Outdoor Price Performance

DECK traded down $16.94 on Thursday, hitting $101.04. The company had a trading volume of 7,001,921 shares, compared to its average volume of 2,325,026. The company's fifty day moving average price is $147.53 and its 200 day moving average price is $170.49. Deckers Outdoor Co. has a 1-year low of $96.89 and a 1-year high of $223.98. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

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.