Rakuten Investment Management Inc. Acquires Shares of 75,759 Deckers Outdoor Corporation $DECK

Rakuten Investment Management Inc. acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 75,759 shares of the textile maker’s stock, valued at approximately $7,680,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Place Capital Corp raised its position in shares of Deckers Outdoor by 14.9% in the 2nd quarter. Park Place Capital Corp now owns 771 shares of the textile maker’s stock worth $81,000 after acquiring an additional 100 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in Deckers Outdoor by 4.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock worth $263,000 after acquiring an additional 106 shares during the last quarter. American National Bank & Trust increased its stake in Deckers Outdoor by 77.4% in the 3rd 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. Finally, RB Capital Management LLC raised its stake in shares of Deckers Outdoor by 1.0% during the 3rd quarter. RB Capital Management LLC now owns 10,679 shares of the textile maker’s stock worth $1,083,000 after purchasing an additional 110 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the sale, the insider directly owned 34,020 shares of the company’s stock, valued at $2,770,929. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Wednesday, October 8th. Robert W. Baird downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Zacks Research lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Bank of America upped their price objective on shares of Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Finally, KeyCorp raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor has an average rating of “Hold” and a consensus price target of $117.58.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $102.03 on Thursday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $223.98. The business has a 50-day simple moving average of $97.40 and a two-hundred day simple moving average of $101.52. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 4.42 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, beating the consensus estimate of $1.58 by $0.24. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 EPS. As a group, research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

About Deckers Outdoor

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.