Deckers Outdoor Corporation $DECK Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Deckers Outdoor Corporation (NYSE:DECK) by 7.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 302,761 shares of the textile maker’s stock after acquiring an additional 21,003 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Deckers Outdoor were worth $30,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. American National Bank & Trust increased its holdings in shares of Deckers Outdoor by 77.4% in the 3rd 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 period. True Wealth Design LLC grew its position in Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after purchasing an additional 244 shares during the last quarter. Geneos Wealth Management Inc. increased its stake 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 purchasing an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Deckers Outdoor in the third quarter valued at about $30,000. Finally, Rakuten Securities Inc. raised its holdings in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of the business’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 directly owned 25,026 shares in the company, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Spring-Green sold 347 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the transaction, the insider directly owned 42,461 shares in the company, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Trading Down 1.9%

NYSE DECK opened at $117.13 on Monday. The stock has a market capitalization of $16.63 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 2.67 and a beta of 1.15. The business’s 50 day moving average is $108.31 and its two-hundred day moving average is $103.04. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $141.90.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, January 21st. Sanford C. Bernstein set a $90.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. Telsey Advisory Group reiterated a “market perform” rating and issued a $120.00 target price (up from $105.00) on shares of Deckers Outdoor in a research note on Monday, January 26th. The Goldman Sachs Group reissued a “sell” rating and issued a $92.00 target price (up from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, Zacks Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.20.

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.