Banque Pictet & Cie SA Invests $4.45 Million in Deckers Outdoor Co. (NYSE:DECK)

Banque Pictet & Cie SA purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,897 shares of the textile maker’s stock, valued at approximately $4,447,000.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC grew its position in shares of Deckers Outdoor by 499.2% during the third 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 in the last quarter. State Street Corp lifted its stake in Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 worth $646,316,000 after purchasing an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Deckers Outdoor by 529.0% during 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.

Analyst Ratings Changes

Several brokerages recently issued reports on DECK. Evercore ISI raised their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. KeyCorp raised their target price on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Buying and Selling

In related news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the transaction, the director now directly owns 10,222 shares in the company, valued at $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,956 shares of company stock valued at $10,387,731 over the last three months. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Down 2.0 %

NYSE:DECK opened at $155.01 on Friday. The business’s 50-day moving average price is $199.09 and its 200 day moving average price is $145.79. The firm has a market cap of $23.53 billion, a P/E ratio of 25.13, a PEG ratio of 1.93 and a beta of 1.07. Deckers Outdoor Co. has a 52-week low of $131.39 and a 52-week high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Sell-side analysts expect that Deckers Outdoor Co. will post 5.89 EPS 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.