Gotham Asset Management LLC Buys 28,800 Shares of Deckers Outdoor Corporation $DECK

Gotham Asset Management LLC increased its stake in Deckers Outdoor Corporation (NYSE:DECK) by 11.8% in the third quarter, Holdings Channel.com reports. The firm owned 273,081 shares of the textile maker’s stock after purchasing an additional 28,800 shares during the quarter. Gotham Asset Management LLC’s holdings in Deckers Outdoor were worth $27,682,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Deckers Outdoor by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after acquiring an additional 522 shares in the last quarter. Empowered Funds LLC boosted its position in Deckers Outdoor by 165.6% during the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after acquiring an additional 6,384 shares during the last quarter. Focus Partners Wealth boosted its position in Deckers Outdoor by 8.1% during the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after acquiring an additional 521 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Deckers Outdoor by 13.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 25,016 shares of the textile maker’s stock worth $2,578,000 after acquiring an additional 2,970 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 0.8%

NYSE DECK opened at $101.62 on Tuesday. The company has a market cap of $14.43 billion, a PE ratio of 14.35, a PEG ratio of 2.30 and a beta of 1.15. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $133.43. The stock has a 50 day moving average of $108.75 and a 200-day moving average of $102.78.

Deckers Outdoor (NYSE:DECK) last issued 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. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company earned $3.00 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DECK. BTIG Research reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Needham & Company LLC raised their target price on shares of Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Zacks Research upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Jefferies Financial Group boosted their price target on shares of Deckers Outdoor from $102.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average price target of $125.20.

Insider Activity

In other news, Director Lauri M. Shanahan sold 4,682 shares of the company’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 sale, the director directly owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. This represents a 15.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Spring-Green sold 347 shares of the firm’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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,092 shares of company stock valued at $1,048,552 in the last quarter. Company insiders own 0.40% of the company’s stock.

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.