Deckers Outdoor Corporation $DECK Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 37.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 590,820 shares of the textile maker’s stock after acquiring an additional 159,677 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.41% of Deckers Outdoor worth $59,913,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DECK. Nutshell Asset Management Ltd acquired a new stake in shares of Deckers Outdoor in the 3rd quarter valued at about $2,078,000. Jefferies Financial Group Inc. acquired a new position in Deckers Outdoor in the third quarter worth about $1,858,000. B. Metzler seel. Sohn & Co. AG grew its stake in Deckers Outdoor by 3.1% in the third quarter. B. Metzler seel. Sohn & Co. AG now owns 24,728 shares of the textile maker’s stock worth $2,507,000 after purchasing an additional 745 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Deckers Outdoor in the third quarter valued at about $522,000. Finally, Vinva Investment Management Ltd increased its holdings in Deckers Outdoor by 166.4% in the third quarter. Vinva Investment Management Ltd now owns 17,936 shares of the textile maker’s stock valued at $1,852,000 after buying an additional 11,204 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 0.8%

Shares of NYSE DECK opened at $105.11 on Wednesday. The firm’s 50-day moving average price is $109.08 and its two-hundred day moving average price is $103.18. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $133.43. The stock has a market capitalization of $14.92 billion, a P/E ratio of 14.85, a P/E/G ratio of 2.38 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, beating the consensus estimate of $2.77 by $0.56. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.00 earnings per share. As a group, equities research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the sale, the insider directly owned 80,449 shares in the company, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction 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 transaction, the director directly owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. This trade represents a 15.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,092 shares of company stock worth $1,048,552 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DECK has been the topic of a number of research analyst reports. KGI Securities raised Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price on the stock in a report on Friday, January 30th. Evercore set a $108.00 price target on Deckers Outdoor in a report on Friday, January 30th. Barclays reissued an “overweight” rating and set a $143.00 price target (up from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Sanford C. Bernstein set a $90.00 price objective on Deckers Outdoor in a research note on Friday, January 30th. Finally, Piper Sandler reaffirmed an “underweight” rating and issued a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $125.20.

Deckers Outdoor Profile

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.