Robeco Institutional Asset Management B.V. Raises Position in Deckers Outdoor Corporation $DECK

Key Points

• Robeco Institutional Asset Management increased its stake in Deckers by 25.3% to 1,228,458 shares (≈0.84% of the company) worth $127.35M, while several other large funds including Viking Global, Assenagon, Man Group, AQR and Worldquant also materially added positions, leaving institutional ownership at about 97.8%.
• Deckers beat expectations for the quarter with EPS $3.33 vs. $2.77 est. and revenue $1.96B vs. $1.87B (+7.1% YoY); the stock trades around $107.87, market cap ~$15.3B, and carries an average analyst rating of "Moderate Buy" with a $125.20 price target.

Robeco Institutional Asset Management B.V. grew its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,228,458 shares of the textile maker's stock after purchasing an additional 247,735 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.84% of Deckers Outdoor worth $127,354,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DECK. Viking Global Investors LP purchased a new position in shares of Deckers Outdoor during the 3rd quarter worth $175,058,000. Assenagon Asset Management S.A. lifted its stake in shares of Deckers Outdoor by 293.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 702,106 shares of the textile maker's stock worth $72,787,000 after purchasing an additional 523,442 shares during the period. Man Group plc lifted its stake in shares of Deckers Outdoor by 106.1% during the 3rd quarter. Man Group plc now owns 862,318 shares of the textile maker's stock worth $87,413,000 after purchasing an additional 443,843 shares during the period. AQR Capital Management LLC lifted its stake in shares of Deckers Outdoor by 89.9% during the 2nd quarter. AQR Capital Management LLC now owns 873,105 shares of the textile maker's stock worth $89,991,000 after purchasing an additional 413,394 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its stake in shares of Deckers Outdoor by 491.0% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 496,608 shares of the textile maker's stock worth $51,185,000 after purchasing an additional 412,586 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Trading Up 0.0%

Shares of DECK opened at $107.87 on Monday. The firm has a market capitalization of $15.31 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. The stock's fifty day simple moving average is $108.24 and its 200 day simple moving average is $100.59. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $133.43.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share 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 analyst estimates of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The business's quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $3.00 EPS. Sell-side analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor 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 value of $39,481.66. Following the transaction, the insider directly 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 the firm's 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 completion of the transaction, the insider directly owned 80,449 shares in the company, valued at $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,092 shares of company stock valued at $1,048,552 over the last three months. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DECK shares. BTIG Research reissued a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 30th. Sanford C. Bernstein set a $90.00 price target on Deckers Outdoor in a research note on Friday, January 30th. Jefferies Financial Group increased their target price on Deckers Outdoor from $102.00 to $105.00 and gave the stock a "hold" rating in a research report on Tuesday, January 27th. Zacks Research raised Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 2nd. Finally, Argus raised Deckers Outdoor from a "hold" rating to a "buy" rating in a research report on Friday, February 20th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $125.20.

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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