J. Safra Sarasin Holding AG Takes $1.67 Million Position in Deckers Outdoor Corporation $DECK

J. Safra Sarasin Holding AG bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,073 shares of the textile maker’s stock, valued at approximately $1,666,000.

Other hedge funds also recently modified their holdings of the company. American National Bank & Trust increased its stake in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 106 shares during the last quarter. True Wealth Design LLC raised its position 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 valued at $26,000 after purchasing an additional 244 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Deckers Outdoor in the 3rd quarter valued at $30,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DECK. Telsey Advisory Group reiterated a “market perform” rating and set a $120.00 price target (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Guggenheim started coverage on shares of Deckers Outdoor in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Truist Financial set a $132.00 target price on Deckers Outdoor in a research report on Friday, January 30th. Piper Sandler restated an “underweight” rating and issued a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, Zacks Research upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Trading Up 5.3%

NYSE DECK opened at $100.03 on Wednesday. The firm has a market cap of $14.20 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $133.43. The stock has a 50-day moving average of $108.20 and a 200-day moving average of $101.29.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.56. The company had revenue of $1.96 billion during 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%.Deckers Outdoor’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.00 EPS. As a group, equities research analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the transaction, the insider owned 80,449 shares in the company, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director owned 25,026 shares of the company’s stock, valued at $2,873,985.84. This represents a 15.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 9,092 shares of company stock worth $1,048,552. Insiders own 0.40% of the company’s stock.

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.