Deckers Outdoor Co. (NYSE:DECK) Position Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Deckers Outdoor Co. (NYSE:DECK) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 233,980 shares of the textile maker’s stock after buying an additional 20,542 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.15% of Deckers Outdoor worth $48,492,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Deckers Outdoor by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock worth $3,582,464,000 after purchasing an additional 229,807 shares during the period. State Street Corp boosted its position in shares of Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares during the period. Geode Capital Management LLC grew its holdings 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 valued at $646,316,000 after buying an additional 3,393,420 shares in the last quarter. American Century Companies Inc. raised its position in Deckers Outdoor by 6.4% during the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker’s stock valued at $265,262,000 after buying an additional 78,623 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after acquiring an additional 1,170,855 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of research reports. Stifel Nicolaus upped their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. Robert W. Baird increased their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Barclays lifted their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Bank of America upped their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Trading Down 4.6 %

NYSE DECK opened at $111.53 on Friday. The company has a market cap of $16.93 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 1 year low of $110.75 and a 1 year high of $223.98. The company has a fifty day simple moving average of $153.46 and a 200 day simple moving average of $167.63.

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

Insiders Place Their Bets

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Company 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.