Vanguard Group Inc. Has $1.74 Billion Holdings in Deckers Outdoor Corporation $DECK

Vanguard Group Inc. lessened its stake in Deckers Outdoor Corporation (NYSE:DECK) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,146,658 shares of the textile maker’s stock after selling 421,813 shares during the quarter. Vanguard Group Inc. owned 0.12% of Deckers Outdoor worth $1,738,157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. American National Bank & Trust increased its stake in shares of Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after purchasing an additional 106 shares during the last quarter. True Wealth Design LLC lifted its stake in Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after purchasing an additional 244 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Deckers Outdoor in the 3rd quarter valued at $30,000. Finally, CVA Family Office LLC grew its holdings in Deckers Outdoor by 137.4% during the 2nd quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $120.52 on Friday. The business’s fifty day moving average is $106.28 and its 200 day moving average is $102.43. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $151.58. The firm has a market cap of $17.11 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 2.71 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share 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 business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company earned $3.00 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Zacks Research upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. BTIG Research reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 30th. Wells Fargo & Company set a $110.00 price objective on shares of Deckers Outdoor and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Evercore set a $108.00 target price on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, Argus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.20.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred 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 transaction, the director directly owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the transaction, the insider owned 80,449 shares in the company, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,092 shares of company stock worth $1,048,552 over the last ninety days. Insiders own 0.40% of the company’s stock.

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.