Swiss National Bank Has $43.66 Million Holdings in Deckers Outdoor Corporation $DECK

Swiss National Bank lowered its position in Deckers Outdoor Corporation (NYSE:DECK) by 6.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 430,700 shares of the textile maker’s stock after selling 28,700 shares during the period. Swiss National Bank’s holdings in Deckers Outdoor were worth $43,660,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DECK. American National Bank & Trust increased its position in shares of Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after buying an additional 106 shares during the period. True Wealth Design LLC raised its stake in Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after buying an additional 244 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Deckers Outdoor in the third quarter valued at $30,000. Finally, Rakuten Securities Inc. boosted its position in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on DECK shares. Needham & Company LLC increased their price target on Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 30th. UBS Group restated a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Sanford C. Bernstein set a $90.00 target price on Deckers Outdoor in a research note on Friday, January 30th. Stifel Nicolaus lifted 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. Finally, BTIG Research reissued a “neutral” rating on shares of Deckers Outdoor in a research note 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Trading Down 2.1%

Shares of NYSE DECK opened at $100.55 on Friday. The firm’s 50-day moving average price is $109.00 and its 200-day moving average price is $103.15. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $133.43. The firm has a market capitalization of $14.27 billion, a P/E ratio of 14.20, a P/E/G ratio of 2.34 and a beta of 1.15.

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

Insiders Place Their Bets

In other news, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the sale, the insider owned 80,449 shares in the company, valued at $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robin Spring-Green sold 347 shares of the company’s stock in a transaction that occurred on 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 $4,831,212.58. The trade was a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have 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.