Harvey Partners LLC Purchases Shares of 100,000 Deckers Outdoor Corporation $DECK

Harvey Partners LLC bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 100,000 shares of the textile maker’s stock, valued at approximately $10,137,000.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new position in Deckers Outdoor during the 2nd quarter worth approximately $223,036,000. Viking Global Investors LP purchased a new stake in shares of Deckers Outdoor during the 3rd quarter worth $175,058,000. Federated Hermes Inc. grew its stake in shares of Deckers Outdoor by 46.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after purchasing an additional 541,657 shares during the period. Invesco Ltd. increased its holdings 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 valued at $286,660,000 after purchasing an additional 452,081 shares in the last quarter. Finally, Man Group plc increased its holdings in shares of Deckers Outdoor by 106.1% in the 3rd quarter. Man Group plc now owns 862,318 shares of the textile maker’s stock valued at $87,413,000 after purchasing an additional 443,843 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 0.1%

Shares of NYSE DECK opened at $100.81 on Monday. The company’s 50-day moving average price is $108.88 and its 200 day moving average price is $102.90. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $133.43. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.30 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last announced its 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 analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business posted $3.00 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on DECK shares. BTIG Research reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $92.00 target price (up from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Piper Sandler reiterated an “underweight” rating and set a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Telsey Advisory Group reissued a “market perform” rating and set a $120.00 price target (up from $105.00) on shares of Deckers Outdoor in a research note on Monday, January 26th. Finally, Evercore set a $108.00 price target on Deckers Outdoor in a report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.20.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the stock in a transaction 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 owned 42,461 shares in the company, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the transaction, the insider directly owned 80,449 shares of the company’s stock, valued at $9,333,692.98. The trade was a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,092 shares of company stock valued at $1,048,552 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.

About Deckers Outdoor

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.