Delta Global Management LP Purchases New Holdings in Deckers Outdoor Corporation $DECK

Delta Global Management LP acquired a new position in Deckers Outdoor Corporation (NYSE:DECK) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 20,413 shares of the textile maker’s stock, valued at approximately $2,069,000.

Several other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust grew its stake in shares of Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after buying an additional 106 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after acquiring an additional 244 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Deckers Outdoor during the 3rd quarter valued at $30,000. Finally, Rakuten Securities Inc. grew its position in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the sale, the insider owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction on Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the transaction, the insider owned 42,461 shares in the company, valued at $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,092 shares of company stock valued at $1,048,552 over the last ninety days. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DECK shares. Zacks Research upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Evercore set a $108.00 price target on shares of Deckers Outdoor in a report on Friday, January 30th. UBS Group reaffirmed a “buy” rating and issued a $161.00 price target (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Sanford C. Bernstein set a $90.00 price objective on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a research 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 given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $101.62 on Tuesday. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.30 and a beta of 1.15. The firm’s 50-day moving average is $108.75 and its two-hundred day moving average is $102.78. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $133.43.

Deckers Outdoor (NYSE:DECK) last posted its quarterly 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. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business posted $3.00 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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.