Victory Capital Management Inc. Decreases Position in Deckers Outdoor Corporation $DECK

Victory Capital Management Inc. trimmed its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 11.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 625,879 shares of the textile maker’s stock after selling 84,868 shares during the period. Victory Capital Management Inc.’s holdings in Deckers Outdoor were worth $63,445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DECK. Bank of Montreal Can increased its position in shares of Deckers Outdoor by 37.9% in the second quarter. Bank of Montreal Can now owns 188,873 shares of the textile maker’s stock valued at $19,467,000 after acquiring an additional 51,914 shares during the period. Pinnacle Investment Management Ltd bought a new position in Deckers Outdoor during the 3rd quarter valued at approximately $2,027,000. Achmea Investment Management B.V. lifted its holdings in Deckers Outdoor by 135.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 135,341 shares of the textile maker’s stock worth $13,950,000 after buying an additional 77,812 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Deckers Outdoor by 171.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock worth $33,020,000 after buying an additional 205,975 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Deckers Outdoor by 208.4% during the third quarter. Assenagon Asset Management S.A. now owns 178,664 shares of the textile maker’s stock valued at $18,111,000 after buying an additional 120,735 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 1.2%

Deckers Outdoor stock opened at $107.42 on Friday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $137.23. The company has a market cap of $15.25 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.48 and a beta of 1.15. The business has a 50-day simple moving average of $109.04 and a two-hundred day simple moving average of $103.24.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS 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 analysts’ expectations of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.00 earnings per share. Research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup reaffirmed a “buy” rating and issued a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Evercore set a $108.00 target price on shares of Deckers Outdoor in a research report on Friday, January 30th. Barclays reaffirmed an “overweight” rating and set a $143.00 target price (up from $113.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective for the company in a report on Friday, January 30th. Finally, Robert W. Baird lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.20.

Insiders Place Their Bets

In related news, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the transaction, the insider directly 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 transaction 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 the business’s 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 completion of 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,092 shares of company stock worth $1,048,552 in the last three months. 0.40% of the stock is owned by company insiders.

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.