Lombard Odier Asset Management USA Corp Acquires Shares of 11,265 Deckers Outdoor Corporation $DECK

Key Points

• Lombard Odier Asset Management USA Corp acquired a new stake of 11,265 shares (~$1.14M) in Deckers Outdoor in Q3; several other institutions also boosted positions (Allspring +171%, Assenagon +208%), leaving institutional ownership at about 97.79%.
• Analysts have a consensus rating of Moderate Buy with a consensus target of $125.20, though individual price targets range roughly from $90 to $143 and ratings span Strong Buy to Sell.
• Deckers beat expectations for the quarter (reported Jan 29) with EPS $3.33 vs. $2.77 expected and revenue $1.96B vs. $1.87B, posting a 19.46% net margin and 41.6% return on equity.

Lombard Odier Asset Management USA Corp acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,265 shares of the textile maker's stock, valued at approximately $1,142,000.

Several other large investors also recently modified their holdings of DECK. Pinnacle Investment Management Ltd bought a new stake in shares of Deckers Outdoor in the 3rd quarter worth approximately $2,027,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Deckers Outdoor by 171.1% during 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 in the last quarter. Assenagon Asset Management S.A. lifted 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 worth $18,111,000 after acquiring an additional 120,735 shares during the period. Global Retirement Partners LLC bought a new stake in Deckers Outdoor in the second quarter valued at $456,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Deckers Outdoor by 46.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker's stock valued at $6,062,000 after acquiring an additional 18,900 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on DECK shares. Sanford C. Bernstein set a $90.00 price objective on shares of Deckers Outdoor in a report on Friday, January 30th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 target price (up from $105.00) on shares of Deckers Outdoor in a research note on Monday, January 26th. Barclays reiterated an "overweight" rating and set a $143.00 price target (up from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. The Goldman Sachs Group reissued a "sell" rating and issued a $92.00 price target (up from $81.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Truist Financial set a $132.00 price objective on shares of Deckers Outdoor in a report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of "Moderate Buy" and a consensus target price of $125.20.

Insiders Place Their Bets

In other news, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the completion of the transaction, the director directly owned 25,026 shares in the company, valued at approximately $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Spring-Green sold 347 shares of the business's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the sale, the insider directly owned 42,461 shares in the company, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Trading Up 0.8%

Shares of Deckers Outdoor 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 market capitalization of $14.43 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.30 and a beta of 1.15. The business has a fifty day simple moving average of $108.75 and a two-hundred day simple moving average of $102.78.

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

Deckers Outdoor Company Profile

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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