KADENSA CAPITAL Ltd Invests $11.96 Million in Deckers Outdoor Corporation $DECK

KADENSA CAPITAL Ltd bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 117,993 shares of the textile maker’s stock, valued at approximately $11,961,000.

Other large investors also recently made changes to their positions in the company. Rakuten Securities Inc. grew its position in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of Deckers Outdoor by 4.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock worth $263,000 after buying an additional 106 shares in the last quarter. American National Bank & Trust lifted its position 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 buying an additional 106 shares in the last quarter. RB Capital Management LLC boosted its stake in shares of Deckers Outdoor by 1.0% in the 3rd quarter. RB Capital Management LLC now owns 10,679 shares of the textile maker’s stock worth $1,083,000 after buying an additional 110 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in shares of Deckers Outdoor by 2.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 4,990 shares of the textile maker’s stock worth $506,000 after buying an additional 112 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director directly owned 25,026 shares of the company’s stock, valued at $2,873,985.84. This represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robin Spring-Green sold 347 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the transaction, the insider owned 42,461 shares of the company’s stock, valued at $4,831,212.58. This represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,092 shares of company stock valued at $1,048,552 over the last three months. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on DECK. Sanford C. Bernstein set a $90.00 price target on Deckers Outdoor in a research report on Friday, January 30th. BTIG Research reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 30th. Robert W. Baird restated a “neutral” rating and issued a $125.00 price objective on shares of Deckers Outdoor in a research note on Wednesday, January 7th. Guggenheim began coverage on Deckers Outdoor in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Finally, UBS Group reiterated a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Price Performance

Shares of DECK opened at $100.81 on Monday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $133.43. The stock’s fifty day moving average price is $108.88 and its two-hundred day moving average price is $102.90. The firm has a market cap of $14.31 billion, a PE ratio of 14.24, a PEG ratio of 2.30 and a beta of 1.15.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company earned $3.00 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate 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.