Arrowpoint Investment Partners Singapore Pte. Ltd. Acquires New Position in Deckers Outdoor Corporation $DECK

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,146 shares of the textile maker’s stock, valued at approximately $1,767,000. Deckers Outdoor makes up about 1.6% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in DECK. Tredje AP fonden boosted its holdings in Deckers Outdoor by 507.2% in the second quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock worth $133,012,000 after purchasing an additional 1,077,965 shares during the period. Nuveen LLC bought a new position in shares of Deckers Outdoor in the 1st quarter worth about $97,935,000. Swedbank AB boosted its holdings in shares of Deckers Outdoor by 1,038.9% in the 1st quarter. Swedbank AB now owns 758,683 shares of the textile maker’s stock valued at $84,828,000 after buying an additional 692,065 shares during the period. Atreides Management LP boosted its holdings in shares of Deckers Outdoor by 123.6% in the 1st quarter. Atreides Management LP now owns 1,078,693 shares of the textile maker’s stock valued at $120,609,000 after buying an additional 596,359 shares during the period. Finally, AMF Tjanstepension AB grew its position in shares of Deckers Outdoor by 1,037.7% during the 1st quarter. AMF Tjanstepension AB now owns 596,735 shares of the textile maker’s stock valued at $66,721,000 after buying an additional 544,283 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, October 8th. Evercore ISI lowered their price objective on Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating for the company in a research note on Friday, October 17th. Cowen reaffirmed a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. Finally, Needham & Company LLC reduced their price target on shares of Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating for the company in a report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and a consensus target price of $117.58.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $87.19 on Thursday. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 3.79 and a beta of 1.10. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $223.98. The stock’s 50 day moving average price is $93.69 and its 200 day moving average price is $104.01.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the firm earned $1.59 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the transaction, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $81.45, for a total transaction of $118,917.00. Following the sale, the insider directly owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by insiders.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.