Gotham Asset Management LLC Has $27.68 Million Stock Position in Deckers Outdoor Corporation $DECK

Key Points

• Gotham Asset Management raised its Deckers stake 11.8% to 273,081 shares (about $27.68 million), and institutional investors now own roughly 97.79% of the company.
• Research firms have been upgrading Deckers—several raised ratings and targets (Needham to $138, Stifel to $140), leaving a consensus “Moderate Buy” and an average price target of $125.20.
• Deckers beat expectations last quarter with EPS $3.33 vs. $2.77 consensus and revenue $1.96B vs. $1.87B, leaving the company with a $14.43 billion market cap and a P/E of 14.35.

Gotham Asset Management LLC lifted its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 273,081 shares of the textile maker's stock after acquiring an additional 28,800 shares during the quarter. Gotham Asset Management LLC owned approximately 0.19% of Deckers Outdoor worth $27,682,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Pinnacle Investment Management Ltd bought a new stake in shares of Deckers Outdoor during the third quarter worth approximately $2,027,000. Allspring Global Investments Holdings LLC boosted its stake in Deckers Outdoor by 171.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker's stock valued at $33,020,000 after acquiring an additional 205,975 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Deckers Outdoor by 208.4% in the third quarter. Assenagon Asset Management S.A. now owns 178,664 shares of the textile maker's stock valued at $18,111,000 after acquiring an additional 120,735 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Deckers Outdoor during the 2nd quarter worth $456,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Deckers Outdoor by 46.2% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker's stock worth $6,062,000 after acquiring an additional 18,900 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Zacks Research raised Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 2nd. Needham & Company LLC lifted their price objective on Deckers Outdoor from $115.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Stifel Nicolaus upped their price objective on Deckers Outdoor from $117.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 30th. Argus raised Deckers Outdoor from a "hold" rating to a "buy" rating in a research note on Friday, February 20th. Finally, Piper Sandler restated an "underweight" rating and set a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Deckers Outdoor has an average rating of "Moderate Buy" and an average target price of $125.20.

Insider Transactions at Deckers Outdoor

In other news, insider Robin Spring-Green sold 347 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was 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 $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the transaction, the insider owned 80,449 shares in the company, valued at $9,333,692.98. This trade represents a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,092 shares of company stock valued at $1,048,552 over the last 90 days. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Stock Up 0.8%

Shares of DECK stock opened at $101.62 on Tuesday. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $133.43. The firm has a fifty day moving average of $108.75 and a 200-day moving average of $102.78. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping the consensus estimate of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The firm's revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.00 EPS. Research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

About Deckers Outdoor

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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