Barclays PLC Raises Stake in Deckers Outdoor Corporation $DECK

Key Points

• Barclays PLC raised its stake in Deckers by 55.2% to 668,159 shares (about $67.7M), representing roughly 0.46% ownership.
• Deckers beat quarterly expectations, reporting EPS of $3.33 vs. $2.77 and revenue of $1.96B (up 7.1% year-over-year) with a 19.46% net margin and 41.6% ROE.
• Sell-side sentiment has turned more positive — the consensus rating is "Moderate Buy" with a consensus price target of $125.20 following multiple upgrades.

Barclays PLC raised its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 55.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 668,159 shares of the textile maker's stock after acquiring an additional 237,568 shares during the period. Barclays PLC owned about 0.46% of Deckers Outdoor worth $67,731,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. American National Bank & Trust lifted its stake in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock worth $25,000 after purchasing an additional 106 shares during the last quarter. True Wealth Design LLC grew its stake in shares of Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker's stock valued at $26,000 after buying an additional 244 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock valued at $29,000 after buying an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Deckers Outdoor in the third quarter worth about $30,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock worth $33,000 after buying an additional 100 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

DECK opened at $104.24 on Monday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $133.43. The business has a 50 day simple moving average of $109.06 and a two-hundred day simple moving average of $103.20. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 2.38 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.56. The firm 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 business's revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.00 earnings per share. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Analyst Ratings Changes

DECK has been the subject of several analyst reports. KGI Securities upgraded Deckers Outdoor from a "hold" rating to an "outperform" rating and set a $129.00 target price for the company in a report on Friday, January 30th. Guggenheim started coverage on Deckers Outdoor in a research note on Tuesday, December 9th. They issued a "neutral" rating on the stock. Truist Financial set a $132.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. Citigroup reissued a "buy" rating and set a $130.00 price objective (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Finally, Evercore set a $108.00 target price on shares of Deckers Outdoor in a report on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.20.

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 transaction of $39,481.66. Following the sale, the insider owned 42,461 shares of the company's stock, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 shares were 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 $9,333,692.98. This represents a 4.81% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is currently owned by company 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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