Vinva Investment Management Ltd Has $1.85 Million Stake in Deckers Outdoor Corporation $DECK

Vinva Investment Management Ltd lifted its stake in Deckers Outdoor Corporation (NYSE:DECK) by 166.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,936 shares of the textile maker’s stock after buying an additional 11,204 shares during the period. Vinva Investment Management Ltd’s holdings in Deckers Outdoor were worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Rosenblum Silverman Sutton S F Inc. CA increased its stake in Deckers Outdoor by 0.7% during the 3rd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 74,498 shares of the textile maker’s stock worth $7,552,000 after acquiring an additional 540 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Deckers Outdoor in the 3rd quarter valued at $416,000. Ameriflex Group Inc. bought a new stake in shares of Deckers Outdoor during the 3rd quarter valued at $126,000. Legacy Capital Group California Inc. bought a new stake in shares of Deckers Outdoor during the 3rd quarter valued at $340,000. Finally, Barclays PLC grew its holdings in shares of Deckers Outdoor by 55.2% during the 3rd quarter. Barclays PLC now owns 668,159 shares of the textile maker’s stock worth $67,731,000 after purchasing an additional 237,568 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

DECK has been the topic of a number of recent analyst reports. Piper Sandler restated an “underweight” rating and issued a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Guggenheim began coverage on shares of Deckers Outdoor in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 30th. Truist Financial set a $132.00 target price on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Evercore set a $108.00 price target on shares of Deckers Outdoor in a report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Stock Up 0.1%

Shares of DECK stock opened at $104.36 on Tuesday. The business has a fifty day simple moving average of $109.08 and a 200 day simple moving average of $103.20. The company has a market cap of $14.81 billion, a P/E ratio of 14.74, a P/E/G ratio of 2.38 and a beta of 1.15. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $133.43.

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

Insider Activity

In related news, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the transaction, the director owned 25,026 shares of the company’s stock, valued at $2,873,985.84. This represents a 15.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anne Spangenberg sold 4,063 shares of the 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,092 shares of company stock worth $1,048,552. Corporate insiders own 0.40% of the company’s stock.

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.