Czech National Bank Purchases 1,882 Shares of Deckers Outdoor Co. (NYSE:DECK)

Czech National Bank lifted its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,940 shares of the textile maker’s stock after acquiring an additional 1,882 shares during the quarter. Czech National Bank’s holdings in Deckers Outdoor were worth $6,690,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DECK. FMR LLC lifted its stake in Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after buying an additional 19,053,113 shares during the period. State Street Corp raised its position in shares of Deckers Outdoor by 513.8% in the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after acquiring an additional 5,511,513 shares during the period. Geode Capital Management LLC boosted its stake in Deckers Outdoor by 509.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after acquiring an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after purchasing an additional 1,074,263 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In related news, insider Angela Ogbechie sold 1,278 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock worth $13,715,482 in the last ninety days. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DECK shares. Guggenheim began coverage on shares of Deckers Outdoor in a report on Wednesday, October 9th. They issued a “neutral” rating for the company. Robert W. Baird boosted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Barclays raised their price target on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Evercore ISI boosted their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Finally, BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.76.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $206.09 on Wednesday. The stock has a 50 day moving average price of $197.00 and a 200 day moving average price of $120.69. The stock has a market capitalization of $31.31 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08. Deckers Outdoor Co. has a 52 week low of $117.02 and a 52 week high of $214.70.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 EPS. As a group, research analysts forecast that Deckers Outdoor Co. will post 5.49 EPS for the current year.

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.