Deckers Outdoor Corporation $DECK Holdings Raised by London Co. of Virginia

London Co. of Virginia lifted its stake in Deckers Outdoor Corporation (NYSE:DECK) by 54.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 532,260 shares of the textile maker’s stock after purchasing an additional 187,698 shares during the quarter. London Co. of Virginia owned 0.37% of Deckers Outdoor worth $53,956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Revolve Wealth Partners LLC purchased a new stake in Deckers Outdoor during the fourth quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Deckers Outdoor by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after acquiring an additional 522 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after acquiring an additional 6,384 shares during the period. Focus Partners Wealth lifted its position 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 valued at $773,000 after acquiring an additional 521 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Deckers Outdoor by 13.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 25,016 shares of the textile maker’s stock valued at $2,578,000 after acquiring an additional 2,970 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In other 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 value of $537,680.88. Following the transaction, the director owned 25,026 shares of the company’s stock, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 $9,333,692.98. This trade represents a 4.81% 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 worth $1,048,552 over the last 90 days. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DECK. Zacks Research upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Evercore set a $108.00 target price on shares of Deckers Outdoor in a research report on Friday, January 30th. Citigroup reissued a “buy” rating and set a $130.00 price objective (up from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Piper Sandler reaffirmed an “underweight” rating and issued a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Truist Financial set a $132.00 price target on 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 issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.20.

Deckers Outdoor Price Performance

NYSE DECK opened at $101.62 on Tuesday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $133.43. The stock’s 50-day moving average is $108.75 and its two-hundred day moving average is $102.78. The firm has a market cap of $14.43 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15.

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

Deckers Outdoor 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.