20,500 Shares in Deckers Outdoor Corporation $DECK Acquired by Nutshell Asset Management Ltd

Key Points

• Nutshell Asset Management purchased a new stake of 20,500 shares in Deckers Outdoor (NYSE:DECK) during the 3rd quarter, valued at about $2,078,000 and representing roughly 1.0% of Nutshell’s holdings (its 23rd largest position).
• Deckers recently beat quarterly estimates, reporting $3.33 EPS vs. $2.77 expected and $1.96B in revenue vs. $1.87B, with strong profitability metrics (ROE 41.6%, net margin 19.46%) and a market cap of $14.8B (PE 14.72).
• Institutional ownership is very high at 97.79%, with major firms like Geode, Invesco, Norges Bank, Federated Hermes and TD Asset Management increasing stakes, and analysts hold a consensus rating of "Moderate Buy" with a consensus price target of $125.20.

Nutshell Asset Management Ltd purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,500 shares of the textile maker's stock, valued at approximately $2,078,000. Deckers Outdoor accounts for about 1.0% of Nutshell Asset Management Ltd's holdings, making the stock its 23rd largest holding.

Several other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of Deckers Outdoor by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker's stock valued at $454,662,000 after acquiring an additional 114,779 shares during the period. Invesco Ltd. boosted its position in Deckers Outdoor by 19.4% during the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker's stock worth $286,660,000 after purchasing an additional 452,081 shares during the period. Norges Bank purchased a new stake in Deckers Outdoor during the 2nd quarter worth $223,036,000. Federated Hermes Inc. increased its holdings in Deckers Outdoor by 46.5% in the 2nd 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 in the last quarter. Finally, TD Asset Management Inc increased its holdings in Deckers Outdoor by 9.2% in the 3rd quarter. TD Asset Management Inc now owns 1,378,343 shares of the textile maker's stock valued at $139,723,000 after purchasing an additional 116,310 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company set a $110.00 price objective on Deckers Outdoor and gave the stock an "equal weight" rating in a research note on Friday, January 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Deckers Outdoor in a research note on Wednesday, January 21st. Truist Financial set a $132.00 price target on Deckers Outdoor in a research report on Friday, January 30th. Citigroup restated 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. Finally, Stifel Nicolaus increased their price objective on shares of Deckers Outdoor from $117.00 to $140.00 and gave the company a "buy" rating 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 given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.20.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $104.24 on Monday. The business has a 50-day moving average of $109.06 and a 200-day moving average of $103.20. The company has a market capitalization of $14.80 billion, a PE ratio of 14.72, a P/E/G ratio of 2.38 and a beta of 1.15. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $133.43.

Deckers Outdoor (NYSE:DECK - Get Free Report) 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. The business 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 company's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.00 earnings per share. On average, equities analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the company's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the transaction, the insider directly owned 42,461 shares of the company's stock, valued at $4,831,212.58. This represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders have sold 9,092 shares of company stock worth $1,048,552 in the last three months. 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.

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