SG Americas Securities LLC Buys 181,675 Shares of Deckers Outdoor Corporation $DECK

SG Americas Securities LLC increased its stake in Deckers Outdoor Corporation (NYSE:DECK) by 309.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 240,466 shares of the textile maker’s stock after acquiring an additional 181,675 shares during the period. SG Americas Securities LLC’s holdings in Deckers Outdoor were worth $24,929,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Pinnacle Investment Management Ltd bought a new stake in Deckers Outdoor in the 3rd quarter worth approximately $2,027,000. Allspring Global Investments Holdings LLC boosted its stake in Deckers Outdoor by 171.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock worth $33,020,000 after buying an additional 205,975 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Deckers Outdoor by 208.4% during the third quarter. Assenagon Asset Management S.A. now owns 178,664 shares of the textile maker’s stock valued at $18,111,000 after acquiring an additional 120,735 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Deckers Outdoor during the second quarter worth approximately $456,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Deckers Outdoor by 46.2% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker’s stock worth $6,062,000 after acquiring an additional 18,900 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Insiders Place Their Bets

In related news, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the sale, the insider directly owned 42,461 shares in the company, valued at $4,831,212.58. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction 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 in the company, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 9,092 shares of company stock worth $1,048,552. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of research reports. Piper Sandler reaffirmed an “underweight” rating and issued a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Barclays reiterated an “overweight” rating and issued a $143.00 target price (up from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Evercore set a $108.00 price target on shares of Deckers Outdoor in a research note on Friday, January 30th. Robert W. Baird lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, Citigroup reaffirmed a “buy” rating and set a $130.00 price objective (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.20.

Deckers Outdoor Trading Down 6.4%

Shares of DECK opened at $93.65 on Friday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $133.43. The firm’s 50-day moving average price is $108.40 and its 200-day moving average price is $101.92. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 2.28 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) 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 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 prior year, the firm earned $3.00 earnings per share. Deckers Outdoor’s revenue 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 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.