Pictet Asset Management Holding SA Trims Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Pictet Asset Management Holding SA trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 715,052 shares of the textile maker’s stock after selling 139,202 shares during the period. Pictet Asset Management Holding SA owned about 0.47% of Deckers Outdoor worth $145,220,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of DECK. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor during the fourth quarter worth $31,000. Whittier Trust Co. of Nevada Inc. increased its position in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after purchasing an additional 120 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 198 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Deckers Outdoor during the 3rd quarter worth about $36,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Deckers Outdoor by 59.8% during the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock worth $71,000 after buying an additional 131 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on DECK. Wells Fargo & Company reduced their price objective on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, KeyCorp upped their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Price Performance

NYSE:DECK opened at $111.53 on Friday. The business’s 50-day moving average is $153.46 and its two-hundred day moving average is $167.63. The firm has a market capitalization of $16.93 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12 month low of $110.75 and a 12 month high of $223.98.

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

Insider Activity

In other news, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Deckers Outdoor 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.