Trilogy Capital Inc. Purchases 7,371 Shares of Deckers Outdoor Corporation $DECK

Trilogy Capital Inc. raised its position in Deckers Outdoor Corporation (NYSE:DECK) by 28.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 33,355 shares of the textile maker’s stock after buying an additional 7,371 shares during the period. Trilogy Capital Inc.’s holdings in Deckers Outdoor were worth $3,458,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DECK. Viking Global Investors LP bought a new position in shares of Deckers Outdoor in the 3rd quarter worth $175,058,000. Assenagon Asset Management S.A. boosted its position in shares of Deckers Outdoor by 293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 702,106 shares of the textile maker’s stock worth $72,787,000 after purchasing an additional 523,442 shares during the last quarter. Man Group plc boosted its position 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 worth $87,413,000 after purchasing an additional 443,843 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Deckers Outdoor by 89.9% in the 2nd quarter. AQR Capital Management LLC now owns 873,105 shares of the textile maker’s stock worth $89,991,000 after purchasing an additional 413,394 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its position in shares of Deckers Outdoor by 491.0% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 496,608 shares of the textile maker’s stock worth $51,185,000 after purchasing an additional 412,586 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DECK. Stifel Nicolaus raised their price target on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Citigroup restated a “buy” rating and issued a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Jefferies Financial Group raised their price target on Deckers Outdoor from $102.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 27th. Barclays restated an “overweight” rating and issued a $143.00 price target (up from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Piper Sandler restated an “underweight” rating and issued a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.20.

Insider Buying and Selling

In related news, Director Lauri M. Shanahan sold 4,682 shares of the firm’s stock in a transaction on 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 trade represents a 15.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the sale, the insider directly owned 42,461 shares in the company, valued at $4,831,212.58. The trade was a 0.81% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Trading Up 3.4%

Shares of Deckers Outdoor stock opened at $109.93 on Friday. The company has a market capitalization of $15.60 billion, a PE ratio of 15.53, a PEG ratio of 2.28 and a beta of 1.21. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $133.43. The stock’s fifty day simple moving average is $108.47 and its 200 day simple moving average is $100.79.

Deckers Outdoor (NYSE:DECK) last issued 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. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.00 EPS. Analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

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.