SBI Securities Co. Ltd. Invests $661,000 in Deckers Outdoor Co. (NYSE:DECK)

SBI Securities Co. Ltd. acquired a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,257 shares of the textile maker's stock, valued at approximately $661,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Deckers Outdoor by 499.2% in the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker's stock valued at $3,646,539,000 after acquiring an additional 19,053,113 shares during the last quarter. State Street Corp increased its position in Deckers Outdoor by 513.8% in the 3rd 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 raised its stake in shares of Deckers Outdoor by 509.1% during the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker's stock valued at $646,316,000 after acquiring an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Deckers Outdoor by 929.0% during the third 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 grew its stake in shares of Deckers Outdoor by 529.0% in the third 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 worth $203,674,000 after purchasing an additional 1,074,263 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Remove Ads

Deckers Outdoor Stock Down 3.9 %

NYSE DECK traded down $5.12 on Friday, reaching $126.81. The company had a trading volume of 5,977,409 shares, compared to its average volume of 3,173,216. The stock has a market capitalization of $19.25 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.07. The company's fifty day moving average is $181.36 and its 200 day moving average is $157.28. Deckers Outdoor Co. has a 52-week low of $122.61 and a 52-week high of $223.98.

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

Insider Activity

In other news, Director David Powers sold 25,000 shares of the 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 completion of the transaction, the director now directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DECK has been the topic of several recent research reports. Truist Financial cut their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Barclays upped their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. KeyCorp upped their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird boosted their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $197.41.

Deckers Outdoor 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.