Assenagon Asset Management S.A. Buys 278,564 Shares of Deckers Outdoor Co. (NYSE:DECK)

Assenagon Asset Management S.A. grew its position in Deckers Outdoor Co. (NYSE:DECK) by 3,081.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 287,603 shares of the textile maker’s stock after acquiring an additional 278,564 shares during the period. Assenagon Asset Management S.A. owned 0.19% of Deckers Outdoor worth $58,409,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Private Advisor Group LLC boosted its position in Deckers Outdoor by 152.5% during the 2nd quarter. Private Advisor Group LLC now owns 760 shares of the textile maker’s stock worth $736,000 after buying an additional 459 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Deckers Outdoor by 2,234.5% during the second quarter. Acadian Asset Management LLC now owns 677 shares of the textile maker’s stock worth $655,000 after purchasing an additional 648 shares during the period. Federated Hermes Inc. grew its stake in shares of Deckers Outdoor by 126.5% in the second quarter. Federated Hermes Inc. now owns 231 shares of the textile maker’s stock worth $224,000 after purchasing an additional 129 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Deckers Outdoor by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 161,638 shares of the textile maker’s stock valued at $156,509,000 after purchasing an additional 1,235 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new position in Deckers Outdoor during the 2nd quarter worth $219,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling

In related news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the transaction, the insider now owns 63,642 shares in the company, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock worth $13,715,482 in the last quarter. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Down 1.3 %

Shares of NYSE:DECK opened at $203.46 on Thursday. Deckers Outdoor Co. has a twelve month low of $117.02 and a twelve month high of $214.70. The stock’s 50 day moving average is $197.77 and its 200-day moving average is $121.26. The firm has a market capitalization of $30.91 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 2.90 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Evercore ISI raised their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Telsey Advisory Group upped their price objective on shares of Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. KeyCorp lifted their target price on shares of Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus upped their price target on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $164.76.

Deckers Outdoor Profile

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.