Deckers Outdoor Corporation $DECK Shares Bought by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its Deckers Outdoor stake by 50.7% in the third quarter, adding 101,144 shares to hold 300,744 shares worth about $23.6 million.
• Analysts’ consensus rating is Hold, with an average price target of $104.57; ratings include 10 Buys, 11 Holds, and 4 Sells.
• Deckers’ latest quarterly earnings beat expectations at $2.31 per share versus $1.79 estimated, while revenue of $1.48 billion fell short of forecasts and rose 3.4% year over year.

Candriam S.C.A. boosted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 50.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,744 shares of the textile maker's stock after buying an additional 101,144 shares during the quarter. Candriam S.C.A. owned 0.23% of Deckers Outdoor worth $23,586,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Deckers Outdoor by 9.9% during the 3rd quarter. Parallel Advisors LLC now owns 5,008 shares of the textile maker's stock worth $391,000 after purchasing an additional 450 shares during the period. Alps Advisors Inc. lifted its stake in Deckers Outdoor by 45.1% during the third quarter. Alps Advisors Inc. now owns 7,202 shares of the textile maker's stock worth $563,000 after purchasing an additional 2,239 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Deckers Outdoor by 61.0% during the third quarter. International Assets Investment Management LLC now owns 5,278 shares of the textile maker's stock worth $420,000 after purchasing an additional 2,000 shares in the last quarter. Heritage Family Offices LLP acquired a new position in Deckers Outdoor during the third quarter worth $38,000. Finally, Kestra Advisory Services LLC lifted its stake in Deckers Outdoor by 16.2% during the third quarter. Kestra Advisory Services LLC now owns 7,018 shares of the textile maker's stock worth $548,000 after purchasing an additional 980 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on DECK. BNP Paribas Exane cut their price objective on Deckers Outdoor from $184.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, October 23rd. Truist Financial set a $95.00 target price on Deckers Outdoor and gave the company a "buy" rating in a report on Friday, October 23rd. Argus lowered their target price on Deckers Outdoor from $128.00 to $102.00 and set a "buy" rating for the company in a report on Thursday. Barclays set a $100.00 target price on Deckers Outdoor and gave the company an "overweight" rating in a research report on Friday, October 23rd. Finally, Jefferies Financial Group cut their price target on shares of Deckers Outdoor from $130.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, October 23rd. Ten analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of "Hold" and a consensus target price of $104.57.

Deckers Outdoor Trading Up 0.2%

Shares of NYSE DECK opened at $86.85 on Monday. The stock has a market cap of $11.59 billion, a P/E ratio of 11.52, a PEG ratio of 1.39 and a beta of 1.10. Deckers Outdoor Corporation has a 12-month low of $77.20 and a 12-month high of $122.29. The business's fifty day simple moving average is $82.35 and its 200-day simple moving average is $98.91.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, October 22nd. The textile maker reported $2.31 EPS for the quarter, topping the consensus estimate of $1.79 by $0.52. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the previous year, the firm posted $1.82 EPS. Deckers Outdoor's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts forecast that Deckers Outdoor Corporation will post 7.89 EPS for the current fiscal year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation designs, markets and distributes footwear, apparel and accessories through a portfolio of consumer brands. Its best-known brands include UGG, HOKA and Teva, which serve customers seeking products for lifestyle, performance and outdoor use.

Founded in 1973 in California, Deckers began as a maker of sandals. The company now sells its products worldwide through wholesale partners as well as its own retail stores and e-commerce channels, serving markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.

Deckers is headquartered in Goleta, California.

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