Deckers Outdoor Corporation $DECK Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Deckers Outdoor Corporation (NYSE:DECK) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 260,771 shares of the textile maker’s stock after purchasing an additional 10,125 shares during the quarter. Intech Investment Management LLC’s holdings in Deckers Outdoor were worth $26,434,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DECK. Norges Bank acquired a new position in Deckers Outdoor in the 2nd quarter valued at about $223,036,000. Tredje AP fonden increased its holdings in shares of Deckers Outdoor by 507.2% during the 2nd quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock worth $133,012,000 after buying an additional 1,077,965 shares during the last quarter. Federated Hermes Inc. raised its position in shares of 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 buying an additional 541,657 shares during the period. Invesco Ltd. lifted its holdings in Deckers Outdoor by 19.4% in the second 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 during the last quarter. Finally, AQR Capital Management LLC grew its position in Deckers Outdoor by 89.9% in the second quarter. AQR Capital Management LLC now owns 873,105 shares of the textile maker’s stock worth $89,991,000 after acquiring an additional 413,394 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction on 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 directly owned 25,026 shares in the company, valued at approximately $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anne Spangenberg sold 4,063 shares of the business’s 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 of the company’s stock, valued at $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,092 shares of company stock valued at $1,048,552 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler restated an “underweight” rating and issued a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. BTIG Research reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 30th. Needham & Company LLC boosted their price objective on shares of Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 30th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $92.00 target price (up from $81.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $120.00 price target (up from $105.00) on shares of Deckers Outdoor in a research report on Monday, January 26th. Three 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 given a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $125.20.

Deckers Outdoor Price Performance

NYSE DECK opened at $119.15 on Thursday. The company has a market cap of $16.91 billion, a P/E ratio of 16.83, a P/E/G ratio of 2.76 and a beta of 1.16. The stock has a 50-day moving average of $107.58 and a two-hundred day moving average of $102.84. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $149.55.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 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 analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.00 earnings per share. On average, analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal 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.