Empirical Asset Management LLC Makes New Investment in Deckers Outdoor Corporation $DECK

Empirical Asset Management LLC bought a new position in Deckers Outdoor Corporation (NYSE:DECK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 6,982 shares of the textile maker’s stock, valued at approximately $708,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DECK. Trillium Asset Management LLC boosted its holdings in Deckers Outdoor by 28.1% in the second quarter. Trillium Asset Management LLC now owns 188,486 shares of the textile maker’s stock worth $19,428,000 after acquiring an additional 41,325 shares in the last quarter. Bank of Montreal Can raised its position in shares of Deckers Outdoor by 37.9% in the 2nd 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 during the last quarter. Pinnacle Investment Management Ltd bought a new position in Deckers Outdoor in the 3rd quarter worth about $2,027,000. Achmea Investment Management B.V. grew 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Deckers Outdoor by 171.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock valued at $33,020,000 after purchasing an additional 205,975 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK stock opened at $119.15 on Thursday. The company has a market cap of $16.91 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 2.76 and a beta of 1.16. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $149.55. The stock’s fifty day moving average price is $107.58 and its 200-day moving average price is $102.84.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.56. The company had revenue of $1.96 billion for 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%.Deckers Outdoor’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.00 earnings per share. As a group, analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup reiterated a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. UBS Group reaffirmed a “buy” rating and issued a $161.00 price objective (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Guggenheim began coverage on Deckers Outdoor in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Stifel Nicolaus increased their price objective on Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Needham & Company LLC lifted their price objective on Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Three equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Insider Buying and Selling

In related news, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the sale, the insider directly owned 80,449 shares in the company, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robin Spring-Green sold 347 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the transaction, the insider owned 42,461 shares in the company, valued at $4,831,212.58. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by insiders.

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.