Polianta Ltd Makes New Investment in Deckers Outdoor Corporation $DECK

Polianta Ltd acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,000 shares of the textile maker’s stock, valued at approximately $1,658,000. Deckers Outdoor accounts for approximately 0.2% of Polianta Ltd’s investment portfolio, making the stock its 21st biggest position.

Several other large investors have also recently made changes to their positions in the business. American National Bank & Trust raised its stake in shares of Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC grew its position in Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after buying an additional 244 shares during the period. Geneos Wealth Management Inc. increased its holdings in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Deckers Outdoor during the third quarter worth about $30,000. Finally, Rakuten Securities Inc. raised its position in Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director 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 SEC, which is accessible through this hyperlink. Also, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the transaction, the insider owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This represents a 4.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,092 shares of company stock worth $1,048,552 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the subject of a number of research reports. Jefferies Financial Group increased their target price on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, January 27th. Sanford C. Bernstein set a $90.00 price target on shares of Deckers Outdoor in a report on Friday, January 30th. Needham & Company LLC upped their price objective on Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Truist Financial set a $132.00 target price on Deckers Outdoor in a research report on Friday, January 30th. Finally, Citigroup restated a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.20.

Deckers Outdoor Stock Up 1.1%

NYSE DECK opened at $95.04 on Tuesday. The company’s 50 day moving average is $108.16 and its 200-day moving average is $101.42. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $133.43. The firm has a market cap of $13.49 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 2.15 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data 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 last year, the firm earned $3.00 EPS. Deckers Outdoor’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current 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.