Aster Capital Management DIFC Ltd Makes New Investment in Deckers Outdoor Corporation $DECK

Aster Capital Management DIFC Ltd purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,873 shares of the textile maker’s stock, valued at approximately $494,000.

A number of other hedge funds have also recently modified their holdings of DECK. Rakuten Securities Inc. raised its stake in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the period. Perigon Wealth Management LLC grew its stake in shares of Deckers Outdoor by 4.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock valued at $263,000 after buying an additional 106 shares during the period. American National Bank & Trust increased its holdings in shares of 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 last quarter. RB Capital Management LLC raised its position 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 valued at $1,083,000 after buying an additional 110 shares during the period. Finally, Miracle Mile Advisors LLC raised its position in shares of Deckers Outdoor by 2.3% during the 3rd quarter. Miracle Mile Advisors LLC now owns 4,990 shares of the textile maker’s stock valued at $506,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DECK. Needham & Company LLC increased their price objective on Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Evercore set a $108.00 price target on Deckers Outdoor in a research note on Friday, January 30th. KGI Securities upgraded Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price target for the company in a report on Friday, January 30th. Piper Sandler restated 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. Finally, Argus raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $125.20.

Deckers Outdoor Price Performance

NYSE:DECK opened at $119.41 on Friday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $146.09. The firm has a market capitalization of $16.95 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.72 and a beta of 1.16. The business’s fifty day moving average price is $107.96 and its 200 day moving average price is $102.96.

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

Insiders Place Their Bets

In related news, insider Robin Spring-Green sold 347 shares of the 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 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 filing with the SEC, which is accessible through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction on Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director owned 25,026 shares in the company, valued at $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. Over the last quarter, insiders have sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by corporate insiders.

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.