Deckers Outdoor Corporation $DECK Shares Purchased by Atreides Management LP

Atreides Management LP boosted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 46.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,250,516 shares of the textile maker’s stock after purchasing an additional 398,396 shares during the quarter. Deckers Outdoor comprises 2.5% of Atreides Management LP’s portfolio, making the stock its 7th largest holding. Atreides Management LP owned approximately 0.86% of Deckers Outdoor worth $126,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in shares of Deckers Outdoor by 2.7% in the second quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock worth $454,662,000 after buying an additional 114,779 shares during the last quarter. Invesco Ltd. grew its stake in Deckers Outdoor by 19.4% in the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock valued at $286,660,000 after buying an additional 452,081 shares during the last quarter. Norges Bank acquired a new position in Deckers Outdoor in the 2nd quarter valued at $223,036,000. Viking Global Investors LP bought a new position in Deckers Outdoor in the 3rd quarter worth $175,058,000. Finally, Federated Hermes Inc. raised its holdings in Deckers Outdoor by 46.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after acquiring an additional 541,657 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DECK shares. Jefferies Financial Group upped their price target on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, January 27th. Needham & Company LLC lifted their price objective on Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Wells Fargo & Company set a $110.00 price objective on Deckers Outdoor and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Zacks Research upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Truist Financial set a $132.00 target price on Deckers Outdoor in a report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.20.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $100.81 on Friday. The firm’s 50-day moving average is $108.88 and its 200-day moving average is $102.99. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.30 and a beta of 1.15. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week 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 for the quarter, beating the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company earned $3.00 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Equities analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the sale, the insider owned 42,461 shares in the company, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the sale, the insider directly owned 80,449 shares in the company, valued at $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. Insiders sold a total of 9,092 shares of company stock valued at $1,048,552 in the last quarter. Corporate 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.