Eleva Capital SAS Buys New Position in Deckers Outdoor Corporation $DECK

Eleva Capital SAS purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the third quarter, Holdings Channel.com reports. The fund purchased 10,569 shares of the textile maker’s stock, valued at approximately $1,071,000. Deckers Outdoor accounts for 0.3% of Eleva Capital SAS’s investment portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in DECK. American National Bank & Trust increased its stake in Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after buying an additional 106 shares during the period. True Wealth Design LLC grew its stake in shares of Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after acquiring an additional 244 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Deckers Outdoor by 330.8% during the second 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 period. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Deckers Outdoor in the third quarter valued at $30,000. Finally, CVA Family Office LLC boosted its holdings in Deckers Outdoor by 137.4% in the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 0.5%

Shares of Deckers Outdoor stock opened at $118.70 on Monday. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $151.33. The firm’s 50 day moving average is $106.63 and its two-hundred day moving average is $102.48. The firm has a market capitalization of $16.85 billion, a P/E ratio of 16.77, a P/E/G ratio of 2.70 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.00 EPS. As a group, research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Guggenheim started coverage on Deckers Outdoor in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Sanford C. Bernstein set a $90.00 target price on shares of Deckers Outdoor in a research note on Friday, January 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $120.00 target price (up previously from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Wells Fargo & Company set a $110.00 price target on shares of Deckers Outdoor and gave the stock an “equal weight” rating in a research note 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 assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the sale, the director owned 25,026 shares in the company, valued at $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 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

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.