Banque Cantonale Vaudoise Has $735,000 Position in Deckers Outdoor Corporation $DECK

Banque Cantonale Vaudoise lessened its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 65.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,252 shares of the textile maker’s stock after selling 13,649 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Deckers Outdoor were worth $735,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DECK. American National Bank & Trust increased its holdings 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 lifted its holdings 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. grew its position in shares of Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Deckers Outdoor in the 3rd quarter valued at about $30,000. Finally, Rakuten Securities Inc. increased its stake in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Down 2.1%

Shares of NYSE DECK opened at $100.55 on Friday. The firm has a market cap of $14.27 billion, a PE ratio of 14.20, a P/E/G ratio of 2.34 and a beta of 1.15. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $133.43. The company’s fifty day simple moving average is $109.00 and its 200 day simple moving average is $103.15.

Deckers Outdoor (NYSE:DECK) last issued its 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 business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.00 EPS. On average, equities analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on DECK shares. Piper Sandler reissued an “underweight” rating and set a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. KGI Securities raised shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective on the stock in a research note on Friday, January 30th. Zacks Research upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Truist Financial set a $132.00 target price on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, UBS Group restated a “buy” rating and issued a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a 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. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average target price of $125.20.

Insider Activity

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction 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 owned 80,449 shares in the company, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction 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 transaction, the director owned 25,026 shares in the company, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,092 shares of company stock worth $1,048,552 over the last quarter. 0.40% of the stock is currently owned by corporate insiders.

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.