Aster Capital Management DIFC Ltd Buys New Holdings in Deckers Outdoor Corporation $DECK

Aster Capital Management DIFC Ltd purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,873 shares of the textile maker’s stock, valued at approximately $494,000.

Several other institutional investors and hedge funds have also bought and sold shares of DECK. Handelsbanken Fonder AB increased its stake in shares of Deckers Outdoor by 744.3% in the third quarter. Handelsbanken Fonder AB now owns 330,664 shares of the textile maker’s stock worth $33,519,000 after acquiring an additional 291,500 shares during the period. Diversify Wealth Management LLC boosted its holdings in Deckers Outdoor by 9.1% in the third quarter. Diversify Wealth Management LLC now owns 9,712 shares of the textile maker’s stock valued at $985,000 after purchasing an additional 808 shares during the last quarter. Hohimer Wealth Management LLC grew its position in Deckers Outdoor by 39.3% during the 3rd quarter. Hohimer Wealth Management LLC now owns 8,991 shares of the textile maker’s stock worth $911,000 after purchasing an additional 2,536 shares during the period. Choreo LLC raised its stake in shares of Deckers Outdoor by 135.7% during the 3rd quarter. Choreo LLC now owns 7,128 shares of the textile maker’s stock valued at $723,000 after buying an additional 4,104 shares during the last quarter. Finally, Advisor OS LLC raised its stake in shares of Deckers Outdoor by 48.7% during the 3rd quarter. Advisor OS LLC now owns 5,268 shares of the textile maker’s stock valued at $534,000 after buying an additional 1,726 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on DECK. Stifel Nicolaus upped their target price on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Citigroup reissued a “buy” rating and issued a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Needham & Company LLC raised their price objective on shares of Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. UBS Group reaffirmed a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, Truist Financial set a $132.00 target price on shares of Deckers Outdoor in a research note on Friday, January 30th. Three 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. According to MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $125.20.

Deckers Outdoor Stock Performance

NYSE DECK opened at $119.41 on Friday. The business has a fifty day moving average price of $107.96 and a 200 day moving average price of $102.96. The company has a market cap of $16.95 billion, a P/E ratio of 16.87, a P/E/G ratio of 2.72 and a beta of 1.16. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $146.09.

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

Insider Buying and Selling

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

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.