Deckers Outdoor Corporation $DECK Shares Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Deckers Outdoor stake by 3,713.3% in the third quarter, ending with 125,000 shares valued at approximately $9.8 million.
• Institutional investors and hedge funds own 97.79% of Deckers Outdoor, with several major firms—including BlackRock, UBS Asset Management, and Bank of New York Mellon—also expanding their positions.
• Deckers reported quarterly EPS of $2.31, exceeding estimates of $1.79, while revenue rose 3.4% year over year to $1.48 billion. Analysts maintain a consensus “Hold” rating with an average price target of $105.81, compared with a recent share price of $82.07.

International Assets Investment Management LLC raised its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 3,713.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,000 shares of the textile maker's stock after purchasing an additional 121,722 shares during the period. International Assets Investment Management LLC owned 0.09% of Deckers Outdoor worth $9,768,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DECK. BlackRock Inc. purchased a new position in Deckers Outdoor during the 2nd quarter worth $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Deckers Outdoor by 21.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker's stock valued at $210,157,000 after buying an additional 374,923 shares in the last quarter. Bank of New York Mellon Corp increased its position in Deckers Outdoor by 123.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker's stock valued at $180,464,000 after buying an additional 995,099 shares in the last quarter. Amundi raised its stake in Deckers Outdoor by 13.2% in the first quarter. Amundi now owns 1,611,174 shares of the textile maker's stock valued at $161,262,000 after buying an additional 187,702 shares during the last quarter. Finally, Caisse de depot et placement du Quebec purchased a new stake in Deckers Outdoor in the second quarter valued at about $119,656,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Down 0.8%

Shares of NYSE DECK opened at $82.07 on Friday. The business's 50 day moving average price is $82.65 and its 200 day moving average price is $99.27. The firm has a market cap of $11.18 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.31 and a beta of 1.12. Deckers Outdoor Corporation has a 52 week low of $77.20 and a 52 week high of $122.29.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.52. Deckers Outdoor had a net margin of 19.18% and a return on equity of 42.42%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $1.82 EPS. Deckers Outdoor's quarterly revenue was up 3.4% on a year-over-year basis. As a group, research analysts expect that Deckers Outdoor Corporation will post 7.90 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BNP Paribas Exane dropped their price target on Deckers Outdoor from $184.00 to $122.00 and set an "outperform" rating on the stock in a research note on Friday, October 23rd. Stifel Nicolaus decreased their price objective on shares of Deckers Outdoor from $133.00 to $113.00 and set a "buy" rating for the company in a research report on Friday, October 23rd. Barclays set a $100.00 target price on shares of Deckers Outdoor and gave the stock an "overweight" rating in a research note on Friday, October 23rd. UBS Group set a $137.00 target price on shares of Deckers Outdoor and gave the stock a "buy" rating in a research note on Friday, October 23rd. Finally, Truist Financial set a $95.00 target price on shares of Deckers Outdoor and gave the stock a "buy" rating in a research report on Friday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $105.81.

About Deckers Outdoor

Deckers Outdoor Corporation, doing business as Deckers Brands NYSE: DECK, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.

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