Dynamic Technology Lab Private Ltd Purchases New Shares in Deckers Outdoor Corporation $DECK

Dynamic Technology Lab Private Ltd purchased 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 Securities and Exchange Commission. The fund purchased 5,149 shares of the textile maker’s stock, valued at approximately $522,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DECK. American National Bank & Trust raised its position in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC increased its stake in Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after buying an additional 244 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Deckers Outdoor in the 3rd quarter valued at about $30,000. Finally, Rakuten Securities Inc. grew its holdings in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $105.11 on Wednesday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $133.43. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 2.38 and a beta of 1.15. The stock’s 50-day simple moving average is $109.08 and its 200-day simple moving average is $103.18.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. The Goldman Sachs Group reissued a “sell” rating and issued a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Piper Sandler reissued an “underweight” rating and issued a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Wells Fargo & Company set a $110.00 price objective on shares of Deckers Outdoor and gave the company an “equal weight” rating in a research note on Friday, January 30th. Finally, Barclays restated an “overweight” rating and issued a $143.00 price target (up from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Three 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.20.

Insiders Place Their Bets

In related news, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 42,461 shares in the company, valued at $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the completion of the transaction, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. This represents a 15.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,092 shares of company stock valued at $1,048,552 over the last three months. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Company 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.