Tokio Marine Asset Management Co. Ltd. Has $12.85 Million Position in Deckers Outdoor Co. (NYSE:DECK)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 1,207.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,283 shares of the textile maker’s stock after acquiring an additional 58,441 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Deckers Outdoor were worth $12,852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DECK. FMR LLC grew its holdings in shares of Deckers Outdoor by 499.2% during the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares during the last quarter. State Street Corp boosted its position in Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after buying an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 buying an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 buying an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Deckers Outdoor by 529.0% in the 3rd 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 valued at $203,674,000 after acquiring an additional 1,074,263 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Down 20.3 %

Deckers Outdoor stock opened at $177.85 on Friday. The company has a market capitalization of $27.02 billion, a PE ratio of 31.27, a PEG ratio of 2.41 and a beta of 1.08. Deckers Outdoor Co. has a 12-month low of $125.15 and a 12-month high of $223.98. The firm’s fifty day moving average is $205.90 and its 200 day moving average is $136.89.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. Sell-side analysts expect that Deckers Outdoor Co. will post 5.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DECK has been the subject of several research reports. Robert W. Baird increased their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Jefferies Financial Group lifted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. KeyCorp upped their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays lifted their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Evercore ISI raised 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. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Insiders Place Their Bets

In related news, Director Bonita C. Stewart sold 9,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $175.42, for a total value of $1,578,780.00. Following the sale, the director now owns 44,988 shares in the company, valued at $7,891,794.96. This represents a 16.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $175.00, for a total value of $1,540,350.00. Following the transaction, the chief financial officer now owns 153,036 shares of the company’s stock, valued at $26,781,300. This trade represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,758 shares of company stock worth $13,506,861. Corporate insiders own 0.40% of the company’s stock.

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.