Deutsche Bank AG Acquires 179,485 Shares of Deckers Outdoor Co. (NYSE:DECK)

Deutsche Bank AG boosted its holdings in Deckers Outdoor Co. (NYSE:DECK) by 19.2% in the 4th quarter, HoldingsChannel reports. The firm owned 1,114,739 shares of the textile maker’s stock after purchasing an additional 179,485 shares during the quarter. Deutsche Bank AG’s holdings in Deckers Outdoor were worth $226,392,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DECK. Headlands Technologies LLC bought a new position in Deckers Outdoor during the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. increased its position in Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after purchasing an additional 120 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in Deckers Outdoor by 352.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 169 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its position in Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 198 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DECK has been the topic of several recent research reports. Stifel Nicolaus decreased their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Jefferies Financial Group raised their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, KeyCorp reduced their target price on shares of Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 29th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy 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 $167.55.

Insider Transactions at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Down 3.5 %

Shares of DECK stock opened at $121.18 on Friday. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The stock has a fifty day simple moving average of $114.18 and a two-hundred day simple moving average of $160.72.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Research analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Deckers Outdoor Company 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.