Aquatic Capital Management LLC Takes Position in Deckers Outdoor Corporation $DECK

Key Points

• Aquatic Capital Management opened a new position in Deckers during Q3, buying 130,155 shares worth about $13.19 million and representing roughly 0.09% of the company, while institutional investors overall own about 97.79% of the stock.
• Deckers posted stronger-than-expected results last quarter—$3.33 EPS vs. $2.77 expected and $1.96 billion in revenue versus $1.87 billion—with a 19.46% net margin and 41.6% return on equity.
• Large funds including Norges Bank, Viking Global, Federated Hermes, Invesco and Man Group have significantly increased stakes, and analysts hold a consensus "Moderate Buy" rating with an average price target of $125.20.

Aquatic Capital Management LLC bought a new position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 130,155 shares of the textile maker's stock, valued at approximately $13,194,000. Aquatic Capital Management LLC owned about 0.09% of Deckers Outdoor as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DECK. Norges Bank purchased a new position in Deckers Outdoor during the second quarter valued at approximately $223,036,000. Viking Global Investors LP acquired a new stake in shares of Deckers Outdoor during the 3rd quarter worth approximately $175,058,000. Federated Hermes Inc. increased its holdings in shares of Deckers Outdoor by 46.5% during 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. Invesco Ltd. lifted its stake 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 valued at $286,660,000 after purchasing an additional 452,081 shares during the period. Finally, Man Group plc boosted its holdings in Deckers Outdoor by 106.1% during the third quarter. Man Group plc now owns 862,318 shares of the textile maker's stock worth $87,413,000 after buying an additional 443,843 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DECK has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed 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. UBS Group reissued a "buy" rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Jefferies Financial Group lifted their price target on Deckers Outdoor from $102.00 to $105.00 and gave the company a "hold" rating in a research note on Tuesday, January 27th. Needham & Company LLC upped their price target on Deckers Outdoor from $115.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, January 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Deckers Outdoor in a research report on Wednesday, January 21st. Three investment 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, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and an average price target of $125.20.

Deckers Outdoor Stock Up 0.1%

Shares of NYSE DECK opened at $100.81 on Friday. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15. The company's 50-day simple moving average is $108.88 and its 200-day simple moving average is $102.99. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $133.43.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company posted $3.00 EPS. Deckers Outdoor's quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Lauri M. Shanahan sold 4,682 shares of the business'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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Spring-Green sold 347 shares of the 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 transaction, the insider directly owned 42,461 shares of the company's stock, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,092 shares of company stock valued at $1,048,552 over the last quarter. 0.40% of the stock is currently owned by 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.

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corporation (NYSE:DECK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.