Banque Pictet & Cie SA Cuts Stock Holdings in Deckers Outdoor Corporation $DECK

Banque Pictet & Cie SA decreased its position in Deckers Outdoor Corporation (NYSE:DECK) by 30.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,272 shares of the textile maker’s stock after selling 6,635 shares during the quarter. Banque Pictet & Cie SA’s holdings in Deckers Outdoor were worth $1,583,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DECK. Tema Etfs LLC bought a new stake in Deckers Outdoor in the 4th quarter worth about $268,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $223,000. Nisa Investment Advisors LLC grew its holdings in shares of Deckers Outdoor by 23.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 55,355 shares of the textile maker’s stock valued at $5,739,000 after acquiring an additional 10,615 shares in the last quarter. Silver Oak Securities Incorporated increased its position in shares of Deckers Outdoor by 18.3% during the fourth quarter. Silver Oak Securities Incorporated now owns 11,184 shares of the textile maker’s stock valued at $1,175,000 after acquiring an additional 1,733 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Deckers Outdoor by 24.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock valued at $43,538,000 after acquiring an additional 81,345 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $98.39 on Friday. The stock has a market capitalization of $13.97 billion, a P/E ratio of 13.90, a P/E/G ratio of 2.17 and a beta of 1.21. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $133.43. The stock’s 50-day simple moving average is $108.11 and its 200 day simple moving average is $101.26.

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, topping analysts’ consensus estimates of $2.77 by $0.56. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $3.00 earnings per share. Equities research analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the transaction, the insider directly owned 42,461 shares of the company’s stock, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,092 shares of company stock valued at $1,048,552. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DECK. Wells Fargo & Company set a $110.00 target price on Deckers Outdoor and gave the stock an “equal weight” rating in a research note on Friday, January 30th. KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective for the company in a report on Friday, January 30th. Evercore set a $108.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Barclays reiterated an “overweight” rating and issued a $143.00 target price (up from $113.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Piper Sandler reissued an “underweight” rating and set a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $125.20.

About Deckers Outdoor

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.