Y Intercept Hong Kong Ltd Reduces Stake in Deckers Outdoor Corporation $DECK

by · The Cerbat Gem

Y Intercept Hong Kong Ltd lowered its position in Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 62.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 62,282 shares of the textile maker’s stock after selling 103,812 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Deckers Outdoor were worth $6,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of DECK. Norges Bank bought a new stake in shares of Deckers Outdoor during the 2nd quarter valued at about $223,036,000. Tredje AP fonden increased its holdings in Deckers Outdoor by 507.2% during the second quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock valued at $133,012,000 after buying an additional 1,077,965 shares during the last quarter. Federated Hermes Inc. raised its position in Deckers Outdoor by 46.5% in the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after acquiring an additional 541,657 shares during the period. AMF Tjanstepension AB boosted its stake in shares of Deckers Outdoor by 83.0% during the 2nd quarter. AMF Tjanstepension AB now owns 1,091,975 shares of the textile maker’s stock worth $112,550,000 after acquiring an additional 495,240 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Deckers Outdoor by 19.4% in the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after purchasing an additional 452,081 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Stifel Nicolaus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research report on Tuesday, November 18th. Jefferies Financial Group set a $102.00 target price on shares of Deckers Outdoor and gave the stock a “hold” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group lowered their price target on shares of Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a report on Friday, October 24th. Wells Fargo & Company reduced their price objective on shares of Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, October 24th. Finally, Guggenheim started coverage on shares of Deckers Outdoor in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $117.58.

View Our Latest Stock Analysis on DECK

Insider Transactions at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,460 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the sale, the insider directly owned 34,020 shares of the company’s stock, valued at $2,770,929. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Trading Down 1.7%

Shares of Deckers Outdoor stock opened at $99.85 on Friday. The firm has a market cap of $14.55 billion, a PE ratio of 14.79, a PEG ratio of 4.51 and a beta of 1.15. The stock has a 50 day moving average of $98.11 and a 200 day moving average of $101.46. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK – Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $1.59 EPS. As a group, equities research analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor Company Profile

(Free Report)

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.

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