Wealth High Governance Capital Ltda Takes $6.33 Million Position in Deckers Outdoor Corporation $DECK

Key Points

• Wealth High Governance Capital Ltda established a new Q4 position in Deckers by buying 61,026 shares (~$6.33 million).
• Deckers beat estimates in the most recent quarter with $3.33 EPS vs. $2.77 expected and revenue of $1.96 billion, while reporting a 19.46% net margin and 41.6% return on equity.
• Analysts are mixed: the consensus rating is Hold with a consensus price target of $126.35, and individual targets range from about $92 (Goldman) to $161 (UBS).

Wealth High Governance Capital Ltda purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 61,026 shares of the textile maker's stock, valued at approximately $6,327,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American National Bank & Trust grew its position in Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock worth $25,000 after buying an additional 106 shares in the last quarter. True Wealth Design LLC grew its position in Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker's stock worth $26,000 after buying an additional 244 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock worth $29,000 after buying an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Deckers Outdoor during the third quarter worth about $30,000. Finally, Rakuten Securities Inc. grew its position in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock worth $33,000 after buying an additional 100 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on DECK. The Goldman Sachs Group reissued a "sell" rating and set a $92.00 target price (up from $81.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Jefferies Financial Group upped their price objective on Deckers Outdoor from $102.00 to $105.00 and gave the company a "hold" rating in a research note on Tuesday, January 27th. UBS Group reissued a "buy" rating and issued a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Needham & Company LLC increased their target price on Deckers Outdoor from $115.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, January 30th. Finally, KGI Securities raised Deckers Outdoor from a "hold" rating to an "outperform" rating and set a $129.00 target price for the company in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $126.35.

Insider Buying and Selling

In related news, insider Robin Spring-Green sold 347 shares of the business's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $113.78, for a total value 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. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anne Spangenberg sold 4,063 shares of the business's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the transaction, the insider owned 80,449 shares of the company's stock, 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 sold 9,092 shares of company stock worth $1,048,552 in the last quarter. Insiders own 0.40% of the company's stock.

Deckers Outdoor Trading Down 4.5%

NYSE:DECK opened at $101.40 on Thursday. The firm has a 50 day moving average of $106.42 and a 200-day moving average of $101.19. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $133.43. The stock has a market capitalization of $14.39 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 2.29 and a beta of 1.21.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data 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. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the previous year, the company posted $3.00 EPS. Deckers Outdoor's revenue was up 7.1% on a year-over-year basis. As a group, analysts forecast that Deckers Outdoor Corporation will post 6.87 EPS for the current fiscal year.

Deckers Outdoor 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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