Penserra Capital Management LLC Buys Shares of 4,968 Deckers Outdoor Corporation $DECK

Penserra Capital Management LLC bought a new position in Deckers Outdoor Corporation (NYSE:DECK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,968 shares of the textile maker’s stock, valued at approximately $503,000.

Other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in Deckers Outdoor in the fourth quarter worth approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after purchasing an additional 522 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 6,384 shares during the last quarter. Focus Partners Wealth lifted its stake 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 purchasing an additional 521 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in Deckers Outdoor in the second quarter worth $384,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 3.9%

Shares of DECK stock opened at $115.51 on Monday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $174.38. The firm has a market cap of $16.40 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 2.63 and a beta of 1.16. The stock has a 50 day moving average of $102.92 and a 200-day moving average of $101.89.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Zacks Research upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Jefferies Financial Group upped their target price on Deckers Outdoor from $102.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 27th. Stifel Nicolaus lifted their price target on shares of Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $125.20.

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.