UBS Asset Management Americas Inc. lifted its position in Deckers Outdoor Corp (NYSE:DECK) by 95.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,969 shares of the textile maker’s stock after buying an additional 22,420 shares during the period. UBS Asset Management Americas Inc.’s holdings in Deckers Outdoor were worth $3,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in DECK. American Century Companies Inc. boosted its stake in shares of Deckers Outdoor by 360.2% in the 4th quarter. American Century Companies Inc. now owns 810,815 shares of the textile maker’s stock worth $65,068,000 after buying an additional 634,610 shares during the last quarter. Tremblant Capital Group purchased a new position in shares of Deckers Outdoor in the 3rd quarter worth $18,638,000. Bank of New York Mellon Corp boosted its stake in shares of Deckers Outdoor by 21.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,105,440 shares of the textile maker’s stock worth $75,623,000 after buying an additional 195,164 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Deckers Outdoor by 264.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 265,436 shares of the textile maker’s stock worth $17,823,000 after buying an additional 192,617 shares during the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in shares of Deckers Outdoor in the 3rd quarter worth $8,548,000. Hedge funds and other institutional investors own 99.56% of the company’s stock.
Deckers Outdoor Corp (NYSE:DECK) opened at $90.87 on Wednesday. Deckers Outdoor Corp has a twelve month low of $52.58 and a twelve month high of $98.92. The company has a market capitalization of $2,867.55, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.44 and a beta of 1.17. The company has a quick ratio of 2.16, a current ratio of 3.25 and a debt-to-equity ratio of 0.03.
A number of research firms have recently issued reports on DECK. Citigroup raised their price target on Deckers Outdoor to $89.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. ValuEngine upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Pivotal Research restated a “buy” rating and issued a $102.00 price target (up from $80.00) on shares of Deckers Outdoor in a research note on Tuesday, January 30th. Zacks Investment Research downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $72.00 target price (up from $64.00) on shares of Deckers Outdoor in a report on Tuesday, December 19th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $87.86.
In other Deckers Outdoor news, CFO Thomas George sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $94.97, for a total transaction of $712,275.00. Following the sale, the chief financial officer now directly owns 41,493 shares of the company’s stock, valued at $3,940,590.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Powers sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $95.51, for a total value of $238,775.00. Following the sale, the chief executive officer now directly owns 92,583 shares in the company, valued at $8,842,602.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,168 shares of company stock worth $1,341,189. Insiders own 1.90% of the company’s stock.
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Deckers Outdoor Profile
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.
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