First Eagle Investment Management LLC Reduces Holdings in Deckers Outdoor Corporation $DECK

First Eagle Investment Management LLC reduced its position in Deckers Outdoor Corporation (NYSE:DECK) by 59.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,225 shares of the textile maker’s stock after selling 4,655 shares during the period. First Eagle Investment Management LLC’s holdings in Deckers Outdoor were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DECK. Geode Capital Management LLC lifted its stake in Deckers Outdoor by 2.7% in the second quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock valued at $454,662,000 after buying an additional 114,779 shares during the last quarter. Invesco Ltd. grew its position in shares of Deckers Outdoor by 19.4% during the second quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after acquiring an additional 452,081 shares during the last quarter. Norges Bank acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at $223,036,000. Federated Hermes Inc. raised its position in Deckers Outdoor by 46.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock valued at $175,800,000 after purchasing an additional 541,657 shares during the last quarter. Finally, TD Asset Management Inc raised its position in Deckers Outdoor by 9.2% in the 3rd quarter. TD Asset Management Inc now owns 1,378,343 shares of the textile maker’s stock valued at $139,723,000 after purchasing an additional 116,310 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director directly owned 25,026 shares in the company, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Spring-Green sold 347 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the transaction, the insider directly owned 42,461 shares in the company, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Trading Down 1.2%

NYSE DECK opened at $107.42 on Friday. The business’s 50 day moving average is $109.04 and its two-hundred day moving average is $103.24. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $137.23. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.48 and a beta of 1.15.

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 return on equity of 41.60% and a net margin of 19.46%.The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $3.00 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DECK. KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective on the stock in a research note on Friday, January 30th. Piper Sandler reissued an “underweight” rating and set a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Stifel Nicolaus lifted their target price on Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group boosted their target price on Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, January 27th. Three 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $125.20.

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.