Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Position in Deckers Outdoor Corporation $DECK

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 7.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 302,761 shares of the textile maker’s stock after purchasing an additional 21,003 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of Deckers Outdoor worth $30,691,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in DECK. Geode Capital Management LLC increased its stake in Deckers Outdoor by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock worth $454,662,000 after buying an additional 114,779 shares during the period. Invesco Ltd. grew its stake in shares of Deckers Outdoor by 19.4% in the second quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after acquiring an additional 452,081 shares in the last quarter. Norges Bank purchased a new stake in shares of Deckers Outdoor during the second quarter worth $223,036,000. Federated Hermes Inc. increased its position in shares of Deckers Outdoor by 46.5% during the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after acquiring an additional 541,657 shares during the period. Finally, TD Asset Management Inc raised its stake in shares of Deckers Outdoor by 9.2% in the third quarter. TD Asset Management Inc now owns 1,378,343 shares of the textile maker’s stock valued at $139,723,000 after acquiring an additional 116,310 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group reissued a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Sanford C. Bernstein set a $90.00 target price on shares of Deckers Outdoor in a research note on Friday, January 30th. Citigroup reaffirmed a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Finally, BTIG Research reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.20.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $117.13 on Monday. The stock’s 50-day simple moving average is $108.31 and its 200-day simple moving average is $103.04. The firm has a market capitalization of $16.63 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 2.67 and a beta of 1.15. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $141.90.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.56. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.00 earnings per share. On average, sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the transaction, the director owned 25,026 shares in the company, valued at $2,873,985.84. This represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the transaction, the insider directly owned 42,461 shares in the company, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,092 shares of company stock worth $1,048,552. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.