Fox Run Management L.L.C. Grows Position in Deckers Outdoor Corporation $DECK

Fox Run Management L.L.C. raised its position in Deckers Outdoor Corporation (NYSE:DECK) by 136.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,698 shares of the textile maker’s stock after purchasing an additional 10,208 shares during the quarter. Fox Run Management L.L.C.’s holdings in Deckers Outdoor were worth $1,794,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Trillium Asset Management LLC lifted its holdings in Deckers Outdoor by 28.1% during the 2nd quarter. Trillium Asset Management LLC now owns 188,486 shares of the textile maker’s stock valued at $19,428,000 after buying an additional 41,325 shares in the last quarter. Bank of Montreal Can grew its stake in Deckers Outdoor by 37.9% in the second quarter. Bank of Montreal Can now owns 188,873 shares of the textile maker’s stock worth $19,467,000 after purchasing an additional 51,914 shares in the last quarter. Pinnacle Investment Management Ltd purchased a new position in Deckers Outdoor during the 3rd quarter worth $2,027,000. Achmea Investment Management B.V. raised its position in Deckers Outdoor by 135.3% during the 2nd quarter. Achmea Investment Management B.V. now owns 135,341 shares of the textile maker’s stock valued at $13,950,000 after purchasing an additional 77,812 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Deckers Outdoor by 171.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock worth $33,020,000 after buying an additional 205,975 shares during the period. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the subject of several recent research reports. Citigroup restated a “buy” rating and issued a $130.00 price objective (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Argus raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Wells Fargo & Company set a $110.00 price target on Deckers Outdoor and gave the stock an “equal weight” rating in a research report on Friday, January 30th. BTIG Research reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, KGI Securities raised Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price target for the company 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.20.

Insiders Place Their Bets

In related news, Director Lauri M. Shanahan sold 4,682 shares of the firm’s stock in a transaction on 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 owned 25,026 shares in the company, valued at approximately $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction on Friday, February 13th. The shares were sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the transaction, the insider directly owned 42,461 shares of the company’s stock, valued at $4,831,212.58. The trade was a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,092 shares of company stock worth $1,048,552. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Up 2.3%

DECK opened at $120.88 on Wednesday. The firm has a 50 day moving average of $107.25 and a two-hundred day moving average of $102.73. The firm has a market capitalization of $17.16 billion, a PE ratio of 17.07, a P/E/G ratio of 2.70 and a beta of 1.16. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $149.55.

Deckers Outdoor (NYSE:DECK) last posted its quarterly 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. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company earned $3.00 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal 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.