Penserra Capital Management LLC Makes New $503,000 Investment in Deckers Outdoor Corporation $DECK

Penserra Capital Management LLC bought a new position in Deckers Outdoor Corporation (NYSE:DECK) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 4,968 shares of the textile maker’s stock, valued at approximately $503,000.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Deckers Outdoor by 2.7% in the 2nd 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 in the last quarter. Invesco Ltd. boosted its position in shares of 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. Norges Bank bought a new stake in Deckers Outdoor in the second quarter valued at about $223,036,000. Federated Hermes Inc. increased its stake in Deckers Outdoor by 46.5% in the second 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 during the period. Finally, Tredje AP fonden raised its position in Deckers Outdoor by 507.2% in the second quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock worth $133,012,000 after purchasing an additional 1,077,965 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the topic of a number of recent research reports. Sanford C. Bernstein set a $90.00 price objective on Deckers Outdoor in a report on Friday, January 30th. Barclays restated an “overweight” rating and set a $143.00 target price (up previously from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Needham & Company LLC upped their price target on Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 30th. The Goldman Sachs Group reiterated a “sell” rating and set a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price on the stock in a research note on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $125.20.

Deckers Outdoor Price Performance

DECK stock opened at $115.51 on Monday. The business has a fifty day moving average price of $102.92 and a 200 day moving average price of $101.89. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $174.38. The stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 2.63 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping 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 company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $3.00 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share 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.