Vontobel Holding Ltd. Cuts Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Vontobel Holding Ltd. reduced its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 15.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,240 shares of the textile maker's stock after selling 2,530 shares during the quarter. Vontobel Holding Ltd.'s holdings in Deckers Outdoor were worth $2,892,000 as of its most recent SEC filing.

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

Deckers Outdoor Stock Performance

Shares of DECK stock traded down $3.32 on Wednesday, hitting $152.52. 2,575,698 shares of the stock traded hands, compared to its average volume of 3,044,029. The firm's 50-day moving average price is $196.19 and its two-hundred day moving average price is $149.35. The stock has a market capitalization of $23.15 billion, a PE ratio of 24.73, a PEG ratio of 1.74 and a beta of 1.07. Deckers Outdoor Co. has a twelve month low of $131.39 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly 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 net margin of 19.14% and a return on equity of 41.71%. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of recent research reports. Citigroup raised shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a research report on Friday, February 7th. Robert W. Baird lifted 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. BTIG Research lowered shares of Deckers Outdoor from a "buy" rating to a "neutral" rating in a report on Tuesday, October 22nd. TD Cowen lifted their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Jefferies Financial Group lifted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Deckers Outdoor currently has an average rating of "Moderate Buy" and a consensus price target of $197.41.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anne Spangenberg sold 3,882 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $186.43, for a total transaction of $723,721.26. Following the sale, the insider now owns 67,434 shares in the company, valued at $12,571,720.62. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,956 shares of company stock worth $4,596,741. Company insiders own 0.40% of the company's stock.

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.