EFG Asset Management Americas Corp. Decreases Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

EFG Asset Management Americas Corp. trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,264 shares of the textile maker's stock after selling 4,413 shares during the quarter. EFG Asset Management Americas Corp.'s holdings in Deckers Outdoor were worth $2,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC raised its position in Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker's stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares in the last quarter. State Street Corp increased its position in shares of Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker's stock valued at $1,049,867,000 after acquiring an additional 5,511,513 shares during the period. Geode Capital Management LLC increased its position in Deckers Outdoor by 509.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker's stock valued at $646,316,000 after purchasing an additional 3,393,420 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Deckers Outdoor by 529.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker's stock valued at $203,674,000 after acquiring an additional 1,074,263 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

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Insider Buying and Selling

In related news, CEO Caroti Stefano sold 14,274 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,574 shares of company stock valued at $6,485,189. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Down 4.0 %

NYSE:DECK traded down $5.03 during mid-day trading on Monday, hitting $121.69. 1,533,382 shares of the company traded hands, compared to its average volume of 3,134,477. The stock's fifty day moving average price is $179.75 and its 200-day moving average price is $159.83. Deckers Outdoor Co. has a one year low of $119.30 and a one year high of $223.98. The firm has a market cap of $18.47 billion, a price-to-earnings ratio of 19.72, 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 EPS for the quarter, topping analysts' consensus estimates 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 predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on DECK. Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Citigroup raised Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a report on Friday, February 7th. Jefferies Financial Group upped their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Telsey Advisory Group reiterated an "outperform" rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Evercore ISI upped their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $197.41.

Deckers Outdoor Company 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.