Pictet Asset Management Holding SA Decreases Stake in Deckers Outdoor Co. (NYSE:DECK)

Pictet Asset Management Holding SA cut its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 715,052 shares of the textile maker's stock after selling 139,202 shares during the period. Pictet Asset Management Holding SA owned approximately 0.47% of Deckers Outdoor worth $145,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor in the fourth quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after acquiring an additional 120 shares during the period. Brooklyn Investment Group bought a new position in Deckers Outdoor during the third quarter worth $36,000. Fortitude Family Office LLC grew its holdings in Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock worth $45,000 after purchasing an additional 198 shares during the period. Finally, Rakuten Securities Inc. increased its stake in Deckers Outdoor by 59.8% in the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker's stock valued at $71,000 after purchasing an additional 131 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages have issued reports on DECK. Stifel Nicolaus increased their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Jefferies Financial Group boosted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their target price on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Citigroup raised shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a report on Friday, February 7th. Finally, Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of "Moderate Buy" and an average price target of $197.41.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred 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 directly owns 10,388 shares of the company's stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The shares were 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 in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Trading Up 0.4 %

DECK stock traded up $0.39 on Monday, hitting $111.95. The company had a trading volume of 3,006,723 shares, compared to its average volume of 2,298,228. Deckers Outdoor Co. has a 12-month low of $107.51 and a 12-month high of $223.98. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.68 and a beta of 1.10. The stock's 50-day simple moving average is $153.46 and its 200 day simple moving average is $169.64.

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 for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

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.