Quinn Opportunity Partners LLC Has $7.49 Million Stake in Deckers Outdoor Corporation $DECK

Quinn Opportunity Partners LLC reduced its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 26.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,928 shares of the textile maker’s stock after selling 26,500 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Deckers Outdoor were worth $7,494,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DECK. Revolve Wealth Partners LLC bought a new position in shares of Deckers Outdoor in the 4th quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 purchasing an additional 522 shares during the period. Empowered Funds LLC raised its holdings in shares of Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 6,384 shares during the period. Focus Partners Wealth lifted its stake in Deckers Outdoor by 8.1% in the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after purchasing an additional 521 shares during the last quarter. Finally, Savant Capital LLC lifted its stake in Deckers Outdoor by 37.3% in the 2nd quarter. Savant Capital LLC now owns 7,080 shares of the textile maker’s stock valued at $730,000 after purchasing an additional 1,923 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. BTIG Research reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 30th. Stifel Nicolaus raised their price objective on Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Robert W. Baird reiterated a “neutral” rating and set a $125.00 target price on shares of Deckers Outdoor in a research note on Wednesday, January 7th. KGI Securities raised Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price on the stock in a report on Friday, January 30th. Finally, UBS Group restated a “buy” rating and issued a $161.00 price target (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $100.81 on Friday. The firm has a 50-day moving average of $108.88 and a 200-day moving average of $103.07. The stock has a market cap of $14.31 billion, a PE ratio of 14.24, a PEG ratio of 2.30 and a beta of 1.15. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $133.43.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 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 business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the firm earned $3.00 earnings per share. Deckers Outdoor’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the insider owned 42,461 shares of the company’s stock, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,092 shares of company stock worth $1,048,552 in the last quarter. Corporate 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.