J. Safra Sarasin Holding AG Purchases New Position in Deckers Outdoor Corporation $DECK

J. Safra Sarasin Holding AG purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,073 shares of the textile maker’s stock, valued at approximately $1,666,000.

Several other institutional investors and hedge funds have also bought and sold shares of DECK. Norges Bank purchased a new position in shares of Deckers Outdoor during the second quarter valued at approximately $223,036,000. Viking Global Investors LP purchased a new stake in Deckers Outdoor in the third quarter worth $175,058,000. Federated Hermes Inc. boosted its holdings in Deckers Outdoor by 46.5% in the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock valued at $175,800,000 after acquiring an additional 541,657 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Deckers Outdoor by 293.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 702,106 shares of the textile maker’s stock valued at $72,787,000 after purchasing an additional 523,442 shares during the period. Finally, Invesco Ltd. raised its holdings in Deckers Outdoor by 19.4% in the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after purchasing an additional 452,081 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Lauri M. Shanahan sold 4,682 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the completion of the transaction, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Spring-Green sold 347 shares of Deckers Outdoor 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 completion of the transaction, the insider directly owned 42,461 shares of the company’s stock, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DECK has been the topic of several research analyst reports. KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price target on the stock in a research report on Friday, January 30th. Piper Sandler reaffirmed an “underweight” rating and set a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Stifel Nicolaus upped their target price on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $120.00 target price (up from $105.00) on shares of Deckers Outdoor in a research report on Monday, January 26th. Finally, Wells Fargo & Company set a $110.00 target price on Deckers Outdoor and gave the company an “equal weight” rating in a research note on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.20.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $100.03 on Wednesday. The company has a 50 day simple moving average of $108.20 and a two-hundred day simple moving average of $101.29. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $133.43. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 2.17 and a beta of 1.15.

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

Deckers Outdoor Company 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.