Cadinha & Co. LLC Invests $744,000 in Deckers Outdoor Corporation $DECK

Key Points

• Cadinha & Co. LLC invested approximately $744,000 in Deckers Outdoor Corporation, acquiring 7,215 shares during the second quarter.
• Deckers Outdoor's recent earnings report revealed earnings per share of $0.93, surpassing analyst expectations of $0.68, with a revenue increase of 16.9% year-over-year.
• Major hedge funds, including Vanguard and Northern Trust, have recently increased their stakes in Deckers, with institutional investors now holding 97.79% of the company's stock.

Cadinha & Co. LLC bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,215 shares of the textile maker's stock, valued at approximately $744,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Deckers Outdoor by 0.6% during the first quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker's stock valued at $1,984,339,000 after buying an additional 107,635 shares during the last quarter. Northern Trust Corp lifted its position in shares of Deckers Outdoor by 6.2% in the 1st quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker's stock worth $187,903,000 after acquiring an additional 98,856 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Deckers Outdoor by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker's stock worth $170,003,000 after acquiring an additional 97,312 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Deckers Outdoor by 46.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,410,262 shares of the textile maker's stock worth $157,681,000 after purchasing an additional 447,734 shares in the last quarter. Finally, Amundi increased its position in shares of Deckers Outdoor by 24.7% during the first quarter. Amundi now owns 1,357,154 shares of the textile maker's stock valued at $151,743,000 after purchasing an additional 268,803 shares during the period. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $101.10 on Thursday. The business has a fifty day moving average of $108.98 and a 200-day moving average of $108.67. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The firm has a market cap of $15.00 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 3.93 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.25. The firm had revenue of $964.54 million during the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The company's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.52 EPS. On average, analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Stifel Nicolaus set a $127.00 target price on Deckers Outdoor in a research report on Tuesday. Bank of America lifted their target price on shares of Deckers Outdoor from $120.00 to $122.00 and gave the company a "neutral" rating in a research report on Thursday, September 25th. Zacks Research raised shares of Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. UBS Group set a $157.00 price target on shares of Deckers Outdoor and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Finally, Evercore ISI decreased their price objective on Deckers Outdoor from $115.00 to $110.00 and set an "in-line" rating on the stock in a report on Friday, October 17th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Deckers Outdoor currently has an average rating of "Moderate Buy" and an average target price of $136.00.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the transaction, the director owned 10,979 shares of the company's stock, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

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