Pictet Asset Management Holding SA Sells 76,975 Shares of Deckers Outdoor Corporation $DECK

Pictet Asset Management Holding SA decreased its position in Deckers Outdoor Corporation (NYSE:DECK) by 15.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 421,041 shares of the textile maker’s stock after selling 76,975 shares during the period. Pictet Asset Management Holding SA’s holdings in Deckers Outdoor were worth $32,900,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Danske Bank A S acquired a new stake in Deckers Outdoor during the second quarter worth $46,235,000. CX Institutional raised its stake in shares of Deckers Outdoor by 41.0% in the 3rd quarter. CX Institutional now owns 65,089 shares of the textile maker’s stock valued at $5,343,000 after buying an additional 18,921 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Deckers Outdoor by 2,708.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 30,663 shares of the textile maker’s stock valued at $2,396,000 after buying an additional 29,571 shares in the last quarter. Private Wealth Advisors LLC bought a new position in shares of Deckers Outdoor during the 2nd quarter worth about $4,634,000. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Deckers Outdoor by 34.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 83,235 shares of the textile maker’s stock worth $6,504,000 after acquiring an additional 21,427 shares during the period. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Robert W. Baird set a $95.00 target price on shares of Deckers Outdoor in a research report on Friday, October 23rd. Telsey Advisory Group reissued a “market perform” rating and issued a $90.00 price target (down from $105.00) on shares of Deckers Outdoor in a research report on Friday, October 23rd. Stifel Nicolaus dropped their price target on shares of Deckers Outdoor from $133.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Evercore cut their price target on shares of Deckers Outdoor from $108.00 to $90.00 in a research note on Friday, October 23rd. Finally, BNP Paribas Exane decreased their price objective on Deckers Outdoor from $184.00 to $122.00 and set an “outperform” rating on the stock in a report on Friday, October 23rd. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $103.86.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $89.75 on Wednesday. The business’s fifty day moving average price is $82.45 and its two-hundred day moving average price is $98.79. Deckers Outdoor Corporation has a fifty-two week low of $77.20 and a fifty-two week high of $122.29. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.52. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business earned $1.82 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. Research analysts expect that Deckers Outdoor Corporation will post 7.89 EPS for the current fiscal year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation designs, markets and distributes footwear, apparel and accessories through a portfolio of consumer brands. Its best-known brands include UGG, HOKA and Teva, which serve customers seeking products for lifestyle, performance and outdoor use. Founded in 1973 in California, Deckers began as a maker of sandals. The company now sells its products worldwide through wholesale partners as well as its own retail stores and e-commerce channels, serving markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.