KADENSA CAPITAL Ltd Invests $11.96 Million in Deckers Outdoor Corporation $DECK

KADENSA CAPITAL Ltd bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 117,993 shares of the textile maker’s stock, valued at approximately $11,961,000. KADENSA CAPITAL Ltd owned about 0.08% of Deckers Outdoor as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DECK. Revolve Wealth Partners LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Deckers Outdoor by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after purchasing an additional 522 shares in the last quarter. Empowered Funds LLC lifted its stake in Deckers Outdoor by 165.6% in the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after buying an additional 6,384 shares during the period. Focus Partners Wealth lifted its stake in Deckers Outdoor by 8.1% in the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after buying an additional 521 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Deckers Outdoor by 5.9% during the 2nd quarter. ProShare Advisors LLC now owns 28,100 shares of the textile maker’s stock worth $2,896,000 after buying an additional 1,556 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

DECK has been the subject of several recent analyst reports. Sanford C. Bernstein set a $90.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Stifel Nicolaus increased their target price on shares of Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Telsey Advisory Group restated a “market perform” rating and issued a $120.00 price target (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Barclays reaffirmed an “overweight” rating and issued a $143.00 price target (up from $113.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, January 21st. Three investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.20.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, 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 sale, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,092 shares of company stock worth $1,048,552. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Up 0.1%

Deckers Outdoor stock opened at $100.81 on Monday. The firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15. The firm’s fifty day moving average price is $108.88 and its two-hundred day moving average price is $102.90. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $133.43.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS 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 company 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 firm posted $3.00 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, research 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.