FIL Ltd Has $15.83 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Nov 17, 2023

FIL Ltd reduced its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,220 shares of the textile maker's stock after selling 856 shares during the quarter. FIL Ltd owned 0.13% of Deckers Outdoor worth $15,833,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DECK. Morgan Stanley grew its holdings in shares of Deckers Outdoor by 213.8% during the fourth quarter. Morgan Stanley now owns 613,351 shares of the textile maker's stock valued at $244,825,000 after buying an additional 417,917 shares during the last quarter. Norges Bank acquired a new position in shares of Deckers Outdoor during the fourth quarter valued at about $94,813,000. Assenagon Asset Management S.A. grew its holdings in shares of Deckers Outdoor by 2,118.5% during the first quarter. Assenagon Asset Management S.A. now owns 189,791 shares of the textile maker's stock valued at $85,321,000 after buying an additional 181,236 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Deckers Outdoor by 83.1% during the second quarter. Goldman Sachs Group Inc. now owns 362,863 shares of the textile maker's stock valued at $92,657,000 after buying an additional 164,730 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Deckers Outdoor by 370.2% during the fourth quarter. Marshall Wace LLP now owns 203,433 shares of the textile maker's stock valued at $81,202,000 after buying an additional 160,169 shares during the last quarter. 95.69% of the stock is currently owned by institutional investors and hedge funds.

NYSE DECK opened at $527.38 on Wednesday. The company's 50 day moving average is $539.80 and its 200-day moving average is $485.98. Deckers Outdoor Co. has a 12-month low of $298.61 and a 12-month high of $568.47. The firm has a market cap of $13.78 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.25. Deckers Outdoor had a net margin of 14.33% and a return on equity of 30.85%. The company had revenue of $675.79 million for the quarter, compared to analyst estimates of $666.95 million. During the same quarter in the previous year, the firm posted $1.66 earnings per share. The company's quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts expect that Deckers Outdoor Co. will post 22.4 EPS for the current year.

In related news, insider Caroti Stefano sold 7,408 shares of the company's stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $490.00, for a total transaction of $3,629,920.00. Following the sale, the insider now owns 45,142 shares of the company's stock, valued at approximately $22,119,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Caroti Stefano sold 7,408 shares of the company's stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $490.00, for a total transaction of $3,629,920.00. Following the sale, the insider now owns 45,142 shares of the company's stock, valued at approximately $22,119,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven J. Fasching sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $492.90, for a total transaction of $1,478,700.00. Following the sale, the chief financial officer now directly owns 24,948 shares in the company, valued at approximately $12,296,869.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,808 shares of company stock valued at $8,166,988. Company insiders own 0.70% of the company's stock.

DECK has been the topic of several analyst reports. UBS Group boosted their price target on shares of Deckers Outdoor from $715.00 to $720.00 and gave the stock a "buy" rating in a report on Friday, July 28th. Citigroup boosted their price target on shares of Deckers Outdoor from $515.00 to $665.00 and gave the stock a "buy" rating in a report on Friday, July 21st. Wedbush boosted their price target on shares of Deckers Outdoor from $505.00 to $614.00 in a report on Wednesday, July 26th. BTIG Research boosted their price target on shares of Deckers Outdoor from $613.00 to $640.00 and gave the stock a "buy" rating in a report on Friday, July 28th. Finally, Stifel Nicolaus boosted their price target on shares of Deckers Outdoor from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $577.64.

Read Our Latest Research Report on DECK

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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 Co. (NYSE:DECK - Free Report).

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