Algert Global LLC Raises Stock Position in Deckers Outdoor Corporation $DECK

Algert Global LLC grew its stake in Deckers Outdoor Corporation (NYSE:DECK) by 385.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,195 shares of the textile maker’s stock after buying an additional 115,296 shares during the period. Algert Global LLC owned 0.10% of Deckers Outdoor worth $14,718,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DECK. American National Bank & Trust raised its stake in Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after acquiring an additional 106 shares in the last quarter. True Wealth Design LLC boosted its stake in Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 244 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in 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 during the third quarter worth about $30,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the sale, the insider owned 42,461 shares of the company’s stock, valued at $4,831,212.58. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the transaction, the insider owned 80,449 shares in the company, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Evercore set a $108.00 target price on Deckers Outdoor in a report on Friday, January 30th. Sanford C. Bernstein set a $90.00 price target on Deckers Outdoor in a research note on Friday, January 30th. Barclays reaffirmed an “overweight” rating and set a $143.00 price target (up from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Piper Sandler reiterated an “underweight” rating and issued a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Truist Financial set a $132.00 price objective on Deckers Outdoor in a report on Friday, January 30th. Three research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.20.

Deckers Outdoor Trading Up 0.1%

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

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business earned $3.00 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

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.