Deckers Outdoor Corporation $DECK Stock Holdings Boosted by Stevens Capital Management LP

Stevens Capital Management LP grew its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 449.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,914 shares of the textile maker’s stock after purchasing an additional 10,564 shares during the quarter. Stevens Capital Management LP’s holdings in Deckers Outdoor were worth $1,309,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Revolve Wealth Partners LLC acquired a new position in Deckers Outdoor during the fourth quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Deckers Outdoor by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after purchasing an additional 522 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 6,384 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Deckers Outdoor by 8.1% in the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after purchasing an additional 521 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Deckers Outdoor during the second quarter valued at approximately $266,000. Institutional investors own 97.79% of the company’s stock.

Insider Activity

In related news, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $116.02, for a total transaction of $471,389.26. Following the transaction, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the company’s 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 completion of the transaction, the director owned 25,026 shares in the company, valued at approximately $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 have sold 9,092 shares of company stock worth $1,048,552 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Up 0.5%

DECK opened at $118.70 on Friday. The firm has a market capitalization of $16.85 billion, a P/E ratio of 16.77, a PEG ratio of 2.69 and a beta of 1.16. The stock has a fifty day moving average of $106.63 and a 200-day moving average of $102.52. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $151.33.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.56. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.Deckers Outdoor’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.00 earnings per share. On average, analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DECK shares. UBS Group restated a “buy” rating and issued a $161.00 price target (up previously from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Needham & Company LLC lifted their target price on Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 30th. KGI Securities raised Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price on the stock in a research report on Friday, January 30th. Truist Financial set a $132.00 target price on Deckers Outdoor in a report on Friday, January 30th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $120.00 price target (up previously from $105.00) on shares of Deckers Outdoor in a research note on Monday, January 26th. Three investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.20.

Deckers Outdoor Company Profile

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.