Deckers Outdoor Corporation $DECK Shares Purchased by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its Deckers Outdoor stake by 34.7% in the third quarter, bringing its holdings to 83,235 shares valued at approximately $6.5 million. Institutional investors collectively own 97.79% of the company.
• Analysts maintain a mixed view: 10 rate DECK a Buy, 11 a Hold and four a Sell. The stock has a consensus “Hold” rating and an average price target of $105.81, despite several analysts recently lowering their targets.
• Deckers reported quarterly EPS of $2.31, exceeding estimates of $1.79, while revenue rose 3.4% year over year to $1.48 billion, slightly below expectations. Shares opened at $82.07, near the lower end of their 52-week range.

Asset Management One Co. Ltd. raised its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 34.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,235 shares of the textile maker's stock after purchasing an additional 21,427 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Deckers Outdoor worth $6,504,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in Deckers Outdoor in the 2nd quarter worth about $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Deckers Outdoor by 21.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker's stock valued at $210,157,000 after purchasing an additional 374,923 shares during the last quarter. Bank of New York Mellon Corp increased its position in Deckers Outdoor by 123.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker's stock worth $180,464,000 after purchasing an additional 995,099 shares in the last quarter. Amundi lifted its stake in shares of Deckers Outdoor by 13.2% in the first quarter. Amundi now owns 1,611,174 shares of the textile maker's stock worth $161,262,000 after acquiring an additional 187,702 shares in the last quarter. Finally, Caisse de depot et placement du Quebec bought a new stake in shares of Deckers Outdoor during the second quarter valued at about $119,656,000. 97.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DECK has been the subject of a number of analyst reports. Needham & Company LLC decreased their price objective on Deckers Outdoor from $125.00 to $96.00 and set a "buy" rating for the company in a research note on Friday, October 23rd. Stifel Nicolaus dropped their target price on Deckers Outdoor from $133.00 to $113.00 and set a "buy" rating for the company in a report on Friday, October 23rd. UBS Group set a $137.00 target price on Deckers Outdoor and gave the company a "buy" rating in a report on Friday, October 23rd. Evercore lowered their target price on shares of Deckers Outdoor from $108.00 to $90.00 in a research note on Friday, October 23rd. Finally, Wolfe Research began coverage on Deckers Outdoor in a research report on Wednesday, October 21st. They set a "peer perform" rating on the stock. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Hold" and a consensus target price of $105.81.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $82.07 on Monday. Deckers Outdoor Corporation has a 52 week low of $77.20 and a 52 week high of $122.29. The company has a market capitalization of $11.18 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 1.31 and a beta of 1.12. The company's 50 day moving average price is $82.65 and its two-hundred day moving average price is $99.27.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned $1.82 EPS. The company's quarterly revenue was up 3.4% on a year-over-year basis. Analysts forecast that Deckers Outdoor Corporation will post 7.90 earnings per share for the current year.

Deckers Outdoor Profile

Deckers Outdoor Corporation, doing business as Deckers Brands NYSE: DECK, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.

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