Vinva Investment Management Ltd Buys 11,204 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Vinva Investment Management boosted its stake in Deckers by 166.4% in Q3, buying 11,204 shares to hold 17,936 shares (~$1.85M); Barclays also raised its position to 668,159 shares (~$67.7M) and institutional investors now own 97.79% of the stock.
• Deckers beat expectations in its latest quarter with EPS $3.33 vs. $2.77 expected and revenue $1.96B vs. $1.87B, delivering strong margins (ROE 41.6%, net margin 19.46%); analysts have a consensus "Moderate Buy" rating and a $125.20 average price target.
• Insiders have been net sellers, offloading 9,092 shares (~$1.05M) over the past 90 days—including Director Lauri M. Shanahan—leaving corporate insiders with just 0.40% ownership.

Vinva Investment Management Ltd lifted its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 166.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,936 shares of the textile maker's stock after acquiring an additional 11,204 shares during the quarter. Vinva Investment Management Ltd's holdings in Deckers Outdoor were worth $1,852,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DECK. Rosenblum Silverman Sutton S F Inc. CA lifted its stake in Deckers Outdoor by 0.7% in the 3rd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 74,498 shares of the textile maker's stock valued at $7,552,000 after purchasing an additional 540 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Deckers Outdoor during the third quarter worth approximately $416,000. Ameriflex Group Inc. bought a new stake in Deckers Outdoor in the third quarter valued at approximately $126,000. Legacy Capital Group California Inc. bought a new stake in Deckers Outdoor in the third quarter valued at approximately $340,000. Finally, Barclays PLC lifted its position in shares of Deckers Outdoor by 55.2% in the third quarter. Barclays PLC now owns 668,159 shares of the textile maker's stock valued at $67,731,000 after buying an additional 237,568 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Deckers Outdoor

In other news, Director Lauri M. Shanahan sold 4,682 shares of the business's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director owned 25,026 shares of the company's stock, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robin Spring-Green sold 347 shares of the company's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the transaction, the insider owned 42,461 shares in the company, valued at $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DECK shares. Evercore set a $108.00 target price on Deckers Outdoor in a report on Friday, January 30th. Needham & Company LLC raised their price target on Deckers Outdoor from $115.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 30th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Sanford C. Bernstein set a $90.00 price objective on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, KGI Securities upgraded shares of Deckers Outdoor from a "hold" rating to an "outperform" rating and set a $129.00 target price for the company in a research note on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor has an average rating of "Moderate Buy" and a consensus price target of $125.20.

Deckers Outdoor Trading Up 0.1%

Shares of NYSE DECK opened at $104.36 on Tuesday. The firm has a market cap of $14.81 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 2.38 and a beta of 1.15. The business's 50 day moving average is $109.08 and its 200-day moving average is $103.20. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $133.43.

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

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corporation (NYSE:DECK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.