64,906 Shares in Deckers Outdoor Corporation $DECK Acquired by Clark Capital Management Group Inc.

Key Points

• Clark Capital Management Group acquired 64,906 shares of Deckers in Q3 (about $6.58M) according to a 13F filing, while institutional investors collectively own 97.79% of the company and Atreides Management raised its stake to 1,250,516 shares.
• Deckers recently beat quarterly expectations with EPS of $3.33 versus $2.77 expected and revenue of $1.96B versus $1.87B expected, reflecting strong profitability (ROE 41.6%, net margin 19.46%).
• Analysts’ consensus is a Moderate Buy with an average price target of $125.20; the stock trades with a market cap of $14.31B and a P/E of 14.24.

Clark Capital Management Group Inc. acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 64,906 shares of the textile maker's stock, valued at approximately $6,580,000.

Several other large investors have also recently bought and sold shares of the company. Atreides Management LP grew its holdings in shares of Deckers Outdoor by 46.8% in the 3rd quarter. Atreides Management LP now owns 1,250,516 shares of the textile maker's stock valued at $126,765,000 after buying an additional 398,396 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Deckers Outdoor by 4.0% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 29,099 shares of the textile maker's stock worth $2,950,000 after buying an additional 1,128 shares during the period. Bridgefront Capital LLC raised its stake in Deckers Outdoor by 82.9% during the 3rd quarter. Bridgefront Capital LLC now owns 4,951 shares of the textile maker's stock worth $502,000 after buying an additional 2,244 shares during the period. Bank of Nova Scotia lifted its holdings in Deckers Outdoor by 15.8% during the third quarter. Bank of Nova Scotia now owns 14,181 shares of the textile maker's stock worth $1,438,000 after acquiring an additional 1,934 shares in the last quarter. Finally, BNP Paribas lifted its holdings in Deckers Outdoor by 87.1% during the third quarter. BNP Paribas now owns 5,297 shares of the textile maker's stock worth $537,000 after acquiring an additional 2,466 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

DECK opened at $100.81 on Monday. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 2.30 and a beta of 1.15. The business's 50-day moving average price is $108.88 and its two-hundred day moving average price is $102.90. 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 posted its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share 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 company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the prior year, the firm earned $3.00 earnings per share. Deckers Outdoor's revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate 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, Director Lauri M. Shanahan sold 4,682 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 25,026 shares of the company's stock, valued at $2,873,985.84. This represents a 15.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anne Spangenberg sold 4,063 shares of the firm's stock in a transaction that occurred on 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 directly owned 80,449 shares of the company's stock, valued at $9,333,692.98. This represents a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,092 shares of company stock valued at $1,048,552 in the last quarter. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DECK. Evercore set a $108.00 price target on Deckers Outdoor in a report on Friday, January 30th. Robert W. Baird reiterated a "neutral" rating and set a $125.00 price objective on shares of Deckers Outdoor in a report on Wednesday, January 7th. Stifel Nicolaus boosted their price objective on Deckers Outdoor from $117.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Needham & Company LLC increased their target price on Deckers Outdoor from $115.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Finally, Piper Sandler restated an "underweight" rating and set a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Three research 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.20.

About Deckers Outdoor

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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