Park Avenue Securities LLC Boosts Position in Deckers Outdoor Corporation $DECK

Park Avenue Securities LLC raised its position in Deckers Outdoor Corporation (NYSE:DECK) by 19.8% during the 4th quarter, Holdings Channel reports. The firm owned 30,211 shares of the textile maker’s stock after acquiring an additional 4,993 shares during the quarter. Park Avenue Securities LLC’s holdings in Deckers Outdoor were worth $3,132,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Deckers Outdoor in the 2nd quarter worth about $223,036,000. Viking Global Investors LP acquired a new stake in Deckers Outdoor in the 3rd quarter valued at about $175,058,000. Federated Hermes Inc. increased its holdings in Deckers Outdoor by 46.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock valued at $175,800,000 after acquiring an additional 541,657 shares in the last quarter. Invesco Ltd. increased its holdings in Deckers Outdoor by 19.4% during the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock valued at $286,660,000 after acquiring an additional 452,081 shares in the last quarter. Finally, Man Group plc raised its position in Deckers Outdoor by 106.1% during the third quarter. Man Group plc now owns 862,318 shares of the textile maker’s stock worth $87,413,000 after acquiring an additional 443,843 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $100.22 on Monday. The company has a market cap of $14.23 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 2.29 and a beta of 1.15. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $133.43. The company has a 50-day simple moving average of $108.61 and a 200-day simple moving average of $102.28.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share 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 analyst estimates 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 was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.00 earnings per share. On average, analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the transaction, the insider directly owned 42,461 shares in the company, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anne Spangenberg sold 4,063 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the transaction, the insider directly owned 80,449 shares in the company, valued at approximately $9,333,692.98. This represents a 4.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 9,092 shares of company stock worth $1,048,552. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Truist Financial set a $132.00 price target on shares of Deckers Outdoor in a research report on Friday, January 30th. Needham & Company LLC lifted 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. Guggenheim began coverage on Deckers Outdoor in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Evercore set a $108.00 target price on Deckers Outdoor in a report on Friday, January 30th. Finally, Stifel Nicolaus raised their price target on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.