Deckers Outdoor Corporation $DECK Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in Deckers Outdoor Corporation (NYSE:DECK) by 293.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 702,106 shares of the textile maker’s stock after buying an additional 523,442 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.48% of Deckers Outdoor worth $72,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. increased its holdings in shares of Deckers Outdoor by 19.4% in the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after acquiring an additional 452,081 shares during the period. Norges Bank acquired a new position in Deckers Outdoor during the 2nd quarter valued at about $223,036,000. Viking Global Investors LP bought a new position in Deckers Outdoor in the 3rd quarter worth about $175,058,000. Northern Trust Corp grew its position in Deckers Outdoor by 3.6% in the 3rd quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock worth $174,513,000 after purchasing an additional 60,029 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Deckers Outdoor by 46.5% in the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock valued at $175,800,000 after purchasing an additional 541,657 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity

In related news, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the transaction, the insider owned 42,461 shares of the company’s stock, valued at $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the transaction, the director directly owned 25,026 shares in the company, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Trading Down 1.2%

Shares of NYSE:DECK opened at $101.18 on Wednesday. The company has a 50 day moving average of $108.62 and a 200-day moving average of $101.99. The firm has a market cap of $14.36 billion, a P/E ratio of 14.29, a P/E/G ratio of 2.34 and a beta of 1.15. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $133.43.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $3.00 earnings per share. Equities research analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating and set a $161.00 price target (up from $157.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $120.00 price objective (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Truist Financial set a $132.00 target price on Deckers Outdoor in a research report on Friday, January 30th. Guggenheim started coverage on Deckers Outdoor in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Robert W. Baird lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.20.

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.