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

Banque Pictet & Cie SA bought a new stake in Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, Holdings Channel reports. The institutional investor bought 21,897 shares of the textile maker’s stock, valued at approximately $4,447,000.

A number of other large investors also recently made changes to their positions in DECK. Resonant Capital Advisors LLC grew its stake in shares of Deckers Outdoor by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after buying an additional 52 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after buying an additional 54 shares in the last quarter. Mather Group LLC. boosted its position in Deckers Outdoor by 2.6% during the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after purchasing an additional 64 shares during the period. Atomi Financial Group Inc. boosted its position in Deckers Outdoor by 6.5% during the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock worth $273,000 after purchasing an additional 82 shares during the period. Finally, CX Institutional boosted its position in Deckers Outdoor by 4.3% during the fourth quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock worth $522,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 2.0 %

Shares of NYSE DECK opened at $155.01 on Friday. The business has a fifty day simple moving average of $199.09 and a 200 day simple moving average of $145.79. Deckers Outdoor Co. has a one year low of $131.39 and a one year high of $223.98. The firm has a market capitalization of $23.53 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.93 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DECK. Evercore ISI upped their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Jefferies Financial Group upped their target price on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Friday, February 7th. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Wells Fargo & Company cut their price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $197.41.

Insiders Place Their Bets

In other news, insider Thomas Garcia sold 18,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares in the company, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Caroti Stefano sold 15,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total value of $2,635,950.00. Following the sale, the chief executive officer now owns 273,540 shares in the company, valued at $48,069,184.20. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,956 shares of company stock worth $10,387,731 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

About Deckers Outdoor

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.