Deckers Outdoor Corporation $DECK Shares Purchased by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 25.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 330,754 shares of the textile maker’s stock after purchasing an additional 66,932 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 0.23% of Deckers Outdoor worth $33,529,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. American National Bank & Trust raised its holdings in shares of 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 buying an additional 106 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Deckers Outdoor by 2,440.0% during the third 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 last quarter. Geneos Wealth Management Inc. increased its position in 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 acquiring an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Deckers Outdoor in the 3rd quarter valued at about $30,000. Finally, Rakuten Securities Inc. raised its stake in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 0.1%

Shares of DECK opened at $100.81 on Friday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $133.43. The stock’s 50 day moving average is $108.88 and its two-hundred day moving average is $102.99. The firm has a market capitalization of $14.31 billion, a PE ratio of 14.24, a P/E/G ratio of 2.30 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last released 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 return on equity of 41.60% and a net margin of 19.46%.The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.00 EPS. On average, sell-side analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating and set a $130.00 price objective (up from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Barclays reissued an “overweight” rating and issued a $143.00 target price (up from $113.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Evercore set a $108.00 price target on Deckers Outdoor in a research note on Friday, January 30th. Argus raised Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, BTIG Research reiterated a “neutral” rating 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 issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.20.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $114.84, for a total value 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 trade represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the sale, the insider directly owned 42,461 shares of the company’s stock, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,092 shares of company stock worth $1,048,552 over the last three months. 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.