Deckers Outdoor Corporation $DECK Shares Purchased by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super increased its Deckers Outdoor stake by 26.4% in the third quarter, purchasing 84,674 additional shares and bringing its holdings to 405,342 shares valued at approximately $31.7 million.
• Institutional ownership remains very high at 97.79%, with several other investors—including CX Institutional, TD Waterhouse Canada and Alaska’s revenue department—also raising their positions.
• Analyst sentiment is mixed: Deckers has a consensus “Hold” rating with an average price target of $105.81, while the company recently exceeded quarterly EPS expectations but fell short of revenue estimates.

Aware Super Pty Ltd as trustee of Aware Super grew its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 26.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 405,342 shares of the textile maker's stock after buying an additional 84,674 shares during the period. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.30% of Deckers Outdoor worth $31,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at $46,235,000. CX Institutional increased its position in shares of Deckers Outdoor by 41.0% in the 3rd quarter. CX Institutional now owns 65,089 shares of the textile maker's stock valued at $5,343,000 after buying an additional 18,921 shares in the last quarter. Private Wealth Advisors LLC acquired a new stake in Deckers Outdoor during the 2nd quarter worth $4,634,000. TD Waterhouse Canada Inc. raised its stake in Deckers Outdoor by 2,708.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 30,663 shares of the textile maker's stock worth $2,396,000 after buying an additional 29,571 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Deckers Outdoor by 1,365.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 203,898 shares of the textile maker's stock worth $15,933,000 after buying an additional 189,989 shares during the period. Institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Truist Financial set a $95.00 price target on Deckers Outdoor and gave the stock a "buy" rating in a report on Friday, October 23rd. Piper Sandler lowered Deckers Outdoor from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $100.00 to $75.00 in a research report on Friday, October 23rd. Evercore cut their price objective on Deckers Outdoor from $108.00 to $90.00 in a report on Friday, October 23rd. Robert W. Baird set a $95.00 price objective on Deckers Outdoor in a research report on Friday, October 23rd. Finally, Weiss Ratings lowered Deckers Outdoor from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, September 3rd. Ten analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of "Hold" and an average target price of $105.81.

Deckers Outdoor Trading Up 3.6%

DECK stock opened at $84.98 on Tuesday. The stock has a 50-day moving average price of $82.52 and a two-hundred day moving average price of $99.18. The stock has a market cap of $11.58 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.29 and a beta of 1.12. Deckers Outdoor Corporation has a 1 year low of $77.20 and a 1 year high of $122.29.

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

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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