Swiss National Bank Reduces Holdings in Deckers Outdoor Co. (NYSE:DECK)

Dec 21, 2023

Swiss National Bank decreased its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,100 shares of the textile maker's stock after selling 6,900 shares during the period. Swiss National Bank owned 0.22% of Deckers Outdoor worth $25,669,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DECK. State Street Corp boosted its position in shares of Deckers Outdoor by 2.3% during the 1st quarter. State Street Corp now owns 720,033 shares of the textile maker's stock worth $197,123,000 after purchasing an additional 16,529 shares during the period. American Century Companies Inc. lifted its holdings in Deckers Outdoor by 6.3% during the 4th quarter. American Century Companies Inc. now owns 617,003 shares of the textile maker's stock worth $246,283,000 after buying an additional 36,699 shares in the last quarter. Morgan Stanley lifted its holdings in Deckers Outdoor by 213.8% during the 4th quarter. Morgan Stanley now owns 613,351 shares of the textile maker's stock worth $244,825,000 after buying an additional 417,917 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Deckers Outdoor by 18.0% during the 1st quarter. Wellington Management Group LLP now owns 433,426 shares of the textile maker's stock worth $118,658,000 after buying an additional 66,072 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in Deckers Outdoor by 66.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 388,994 shares of the textile maker's stock worth $155,271,000 after buying an additional 155,121 shares in the last quarter. Hedge funds and other institutional investors own 99.46% of the company's stock.

Shares of NYSE DECK opened at $560.56 on Tuesday. Deckers Outdoor Co. has a 52 week low of $298.61 and a 52 week high of $568.47. The firm has a 50-day moving average price of $536.84 and a 200 day moving average price of $481.09. The stock has a market capitalization of $14.65 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The textile maker reported $2.41 EPS for the quarter, beating the consensus estimate of $2.16 by $0.25. Deckers Outdoor had a net margin of 14.33% and a return on equity of 30.85%. The firm had revenue of $675.79 million during the quarter, compared to analysts' expectations of $666.95 million. During the same quarter last year, the business earned $1.66 earnings per share. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts expect that Deckers Outdoor Co. will post 22.4 EPS for the current fiscal year.

A number of equities research analysts have issued reports on DECK shares. Piper Sandler increased their target price on shares of Deckers Outdoor from $535.00 to $595.00 and gave the stock an "overweight" rating in a report on Monday, July 24th. Raymond James assumed coverage on shares of Deckers Outdoor in a report on Tuesday, June 13th. They set an "outperform" rating and a $565.00 target price on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $615.00 price objective on shares of Deckers Outdoor in a report on Friday, July 28th. TD Cowen raised their price objective on shares of Deckers Outdoor from $564.00 to $618.00 and gave the company an "outperform" rating in a report on Tuesday, August 15th. Finally, Wedbush raised their price objective on shares of Deckers Outdoor from $505.00 to $614.00 in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $577.64.

Read Our Latest Research Report on DECK

In other Deckers Outdoor news, insider Angela Ogbechie sold 374 shares of Deckers Outdoor stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $474.44, for a total transaction of $177,440.56. Following the completion of the transaction, the insider now owns 2,799 shares in the company, valued at $1,327,957.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Deckers Outdoor news, insider Angela Ogbechie sold 374 shares of Deckers Outdoor stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $474.44, for a total transaction of $177,440.56. Following the completion of the transaction, the insider now owns 2,799 shares in the company, valued at $1,327,957.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David Powers sold 6,400 shares of Deckers Outdoor stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $477.87, for a total transaction of $3,058,368.00. Following the transaction, the chief executive officer now owns 80,100 shares of the company's stock, valued at approximately $38,277,387. The disclosure for this sale can be found here. Insiders sold 17,182 shares of company stock worth $8,344,429 over the last 90 days. Company insiders own 0.70% of the company's stock.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Co. (NYSE:DECK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Deckers Outdoor, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deckers Outdoor wasn't on the list.

While Deckers Outdoor currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.