Deckers Outdoor Co. (NYSE:DECK) Holdings Boosted by D.A. Davidson & CO.

D.A. Davidson & CO. grew its position in Deckers Outdoor Co. (NYSE:DECKFree Report) by 8.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,690 shares of the textile maker’s stock after purchasing an additional 128 shares during the period. D.A. Davidson & CO.’s holdings in Deckers Outdoor were worth $869,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DECK. BlackRock Inc. increased its holdings in shares of Deckers Outdoor by 20.9% in the 2nd quarter. BlackRock Inc. now owns 2,951,309 shares of the textile maker’s stock valued at $1,557,288,000 after purchasing an additional 510,292 shares during the period. Morgan Stanley raised its holdings in shares of Deckers Outdoor by 213.8% during the fourth quarter. Morgan Stanley now owns 613,351 shares of the textile maker’s stock worth $244,825,000 after acquiring an additional 417,917 shares in the last quarter. Norges Bank acquired a new stake in Deckers Outdoor during the fourth quarter valued at $94,813,000. Alliancebernstein L.P. grew its stake in Deckers Outdoor by 205.2% in the second quarter. Alliancebernstein L.P. now owns 255,823 shares of the textile maker’s stock valued at $134,988,000 after purchasing an additional 171,999 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Deckers Outdoor by 83.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 362,863 shares of the textile maker’s stock worth $92,657,000 after purchasing an additional 164,730 shares in the last quarter. Institutional investors and hedge funds own 95.69% of the company’s stock.

Insider Activity

In related news, CEO David Powers sold 17,978 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total value of $12,881,596.56. Following the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $70,375,161.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Caroti Stefano sold 14,725 shares of Deckers Outdoor stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $687.46, for a total transaction of $10,122,848.50. Following the completion of the transaction, the insider now directly owns 49,036 shares of the company’s stock, valued at approximately $33,710,288.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Powers sold 17,978 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at $70,375,161.36. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. TD Cowen increased their price objective on Deckers Outdoor from $689.00 to $705.00 and gave the stock an “outperform” rating in a report on Tuesday, November 28th. UBS Group lifted their price objective on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company increased their target price on shares of Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Piper Sandler upped their price target on Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Robert W. Baird raised their price objective on Deckers Outdoor from $650.00 to $750.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $846.77.

Read Our Latest Stock Analysis on Deckers Outdoor

Deckers Outdoor Price Performance

NYSE DECK opened at $845.22 on Monday. The company’s fifty day moving average is $726.69 and its two-hundred day moving average is $614.88. Deckers Outdoor Co. has a 52-week low of $395.90 and a 52-week high of $903.70. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 1.65 and a beta of 0.99.

Deckers Outdoor (NYSE:DECKGet Free Report) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business earned $10.48 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, sell-side analysts expect that Deckers Outdoor Co. will post 26.9 earnings per share for the current fiscal year.

About Deckers Outdoor

(Free Report)

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

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Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Co. (NYSE:DECKFree Report).

Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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