Deckers Outdoor Corp (NASDAQ:DECK) was in 30 hedge funds’ portfolio at the end of the first quarter of 2013. DECK has experienced an increase in hedge fund sentiment lately. There were 28 hedge funds in our database with DECK positions at the end of the previous quarter.
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Now, we’re going to take a peek at the latest action surrounding Deckers Outdoor Corp (NASDAQ:DECK).
How are hedge funds trading Deckers Outdoor Corp (NASDAQ:DECK)?
In preparation for this quarter, a total of 30 of the hedge funds we track were bullish in this stock, a change of 7% from the previous quarter. With hedgies’ capital changing hands, there exists a select group of noteworthy hedge fund managers who were increasing their holdings meaningfully.
With a general bullishness amongst the heavyweights, key hedge funds were leading the bulls’ herd. Maverick Capital, managed by Lee Ainslie, initiated the most valuable position in Deckers Outdoor Corp (NASDAQ:DECK). Maverick Capital had 45.6 million invested in the company at the end of the quarter. Alexander Mitchell’s Scopus Asset Management also made a $30.1 million investment in the stock during the quarter. The other funds with brand new DECK positions are Louis Bacon’s Moore Global Investments, Matthew Knauer and Mina Faltas’s Nokota Management, and Dmitry Balyasny’s Balyasny Asset Management.
What have insiders been doing with Deckers Outdoor Corp (NASDAQ:DECK)?
Insider trading activity, especially when it’s bullish, is at its handiest when the company we’re looking at has seen transactions within the past six months. Over the last 180-day time frame, Deckers Outdoor Corp (NASDAQ:DECK) has experienced zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).
Let’s also take a look at hedge fund and insider activity in other stocks similar to Deckers Outdoor Corp (NASDAQ:DECK). These stocks are Crocs, Inc. (NASDAQ:CROX), Tumi Holdings Inc (NYSE:TUMI), Wolverine World Wide, Inc. (NYSE:WWW), Iconix Brand Group Inc (NASDAQ:ICON), and Steven Madden, Ltd. (NASDAQ:SHOO). This group of stocks belong to the textile – apparel footwear & accessories industry and their market caps resemble DECK’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Crocs, Inc. (NASDAQ:CROX) | 26 | 0 | 4 |
| Tumi Holdings Inc (NYSE:TUMI) | 17 | 0 | 6 |
| Wolverine World Wide, Inc. (NYSE:WWW) | 8 | 0 | 6 |
| Iconix Brand Group Inc (NASDAQ:ICON) | 11 | 0 | 4 |
| Steven Madden, Ltd. (NASDAQ:SHOO) | 17 | 0 | 9 |
With the results demonstrated by the aforementioned research, retail investors should always keep an eye on hedge fund and insider trading activity, and Deckers Outdoor Corp (NASDAQ:DECK) is no exception.
