J. Safra Sarasin Holding AG Has $13.02 Million Holdings in Deckers Outdoor Corporation (NYSE:DECK)

Key Points

• J. Safra Sarasin Holding AG increased its stake in Deckers Outdoor Corporation by 10.1%, owning 116,464 shares valued at approximately $13.02 million as of the latest SEC filing.
• Major analysts have varied opinions on DECK, with price targets ranging from $90 to $210, and the stock currently has a consensus rating of "Hold" with an average target price of $137.50.
• Deckers Outdoor's recent quarterly earnings surpassed expectations, reporting an EPS of $0.93 on revenue of $964.54 million, showing a year-over-year revenue increase of 16.9%.

J. Safra Sarasin Holding AG raised its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,464 shares of the textile maker's stock after purchasing an additional 10,693 shares during the period. J. Safra Sarasin Holding AG owned 0.08% of Deckers Outdoor worth $13,022,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in Deckers Outdoor during the fourth quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at $29,000. Vega Investment Solutions purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at $29,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Deckers Outdoor in the 1st quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

Shares of DECK traded up $1.86 during mid-day trading on Monday, hitting $105.21. The company's stock had a trading volume of 2,370,160 shares, compared to its average volume of 4,579,783. The stock has a market capitalization of $15.61 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 3.94 and a beta of 0.99. The firm has a 50-day moving average price of $105.03 and a 200 day moving average price of $124.51. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The business had revenue of $964.54 million during the quarter, compared to analysts' expectations of $901.45 million. During the same period in the previous year, the company earned $4.52 earnings per share. Deckers Outdoor's revenue for the quarter was up 16.9% on a year-over-year basis. As a group, equities analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor declared that its board has initiated a share repurchase plan on Thursday, May 22nd that allows the company to buyback $2.25 billion in outstanding shares. This buyback authorization allows the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Cindy L. Davis acquired 1,825 shares of the company's stock in a transaction dated Friday, June 6th. The stock was bought at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the purchase, the director owned 13,340 shares in the company, valued at $1,464,198.40. This represents a 15.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Angela Ogbechie sold 6,244 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the sale, the insider directly owned 19,980 shares in the company, valued at approximately $2,075,722.20. The trade was a 23.81% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DECK. KeyCorp reaffirmed a "sector weight" rating and set a $150.00 price target on shares of Deckers Outdoor in a report on Friday, May 23rd. Barclays raised their price target on shares of Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a report on Friday, July 25th. KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. Truist Financial raised their price objective on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $120.00 price objective on shares of Deckers Outdoor in a report on Friday, July 25th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $137.50.

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.