Intech Investment Management LLC Raises Stock Position in Deckers Outdoor Corporation $DECK

Intech Investment Management LLC boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 4.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 260,771 shares of the textile maker’s stock after purchasing an additional 10,125 shares during the period. Intech Investment Management LLC owned about 0.18% of Deckers Outdoor worth $26,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DECK. Trillium Asset Management LLC raised its position in shares of Deckers Outdoor by 28.1% in the second quarter. Trillium Asset Management LLC now owns 188,486 shares of the textile maker’s stock worth $19,428,000 after acquiring an additional 41,325 shares during the period. Bank of Montreal Can grew its position in shares of Deckers Outdoor by 37.9% during the 2nd quarter. Bank of Montreal Can now owns 188,873 shares of the textile maker’s stock valued at $19,467,000 after acquiring an additional 51,914 shares during the period. Pinnacle Investment Management Ltd purchased a new position in shares of Deckers Outdoor in the 3rd quarter valued at about $2,027,000. Achmea Investment Management B.V. raised its holdings in Deckers Outdoor by 135.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 135,341 shares of the textile maker’s stock worth $13,950,000 after purchasing an additional 77,812 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Deckers Outdoor by 171.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock worth $33,020,000 after purchasing an additional 205,975 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 42,461 shares of the company’s stock, valued at $4,831,212.58. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the transaction, the director owned 25,026 shares in the company, valued at approximately $2,873,985.84. This represents a 15.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 9,092 shares of company stock worth $1,048,552. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on DECK shares. Zacks Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Truist Financial set a $132.00 target price on Deckers Outdoor in a research report on Friday, January 30th. Citigroup reissued a “buy” rating and issued a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Sanford C. Bernstein set a $90.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Argus raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $125.20.

Deckers Outdoor Stock Down 1.5%

Shares of DECK opened at $119.15 on Thursday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $149.55. The stock has a market cap of $16.91 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 2.76 and a beta of 1.16. The firm’s fifty day moving average is $107.58 and its two-hundred day moving average is $102.84.

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

Deckers Outdoor Company 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.