Ossiam Has $3.02 Million Position in Deckers Outdoor Co. (NYSE:DECK)

Ossiam raised its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 451.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,890 shares of the textile maker's stock after acquiring an additional 12,190 shares during the period. Ossiam's holdings in Deckers Outdoor were worth $3,024,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Passumpsic Savings Bank grew its position in shares of Deckers Outdoor by 477.8% during the 3rd quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker's stock valued at $4,352,000 after buying an additional 22,572 shares during the last quarter. Anchor Investment Management LLC raised its position in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker's stock worth $80,000 after purchasing an additional 420 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Deckers Outdoor in the 3rd quarter worth approximately $679,000. Tidal Investments LLC increased its position in Deckers Outdoor by 3,540.6% in the third quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker's stock worth $24,206,000 after buying an additional 147,642 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Deckers Outdoor by 497.5% in the third quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker's stock valued at $62,825,000 after buying an additional 325,451 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Telsey Advisory Group restated an "outperform" rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Bank of America increased their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Truist Financial reduced their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Stifel Nicolaus decreased their target price on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $187.89.

Deckers Outdoor Stock Up 0.3 %

Shares of DECK traded up $0.32 during trading hours on Wednesday, reaching $106.74. The stock had a trading volume of 2,236,096 shares, compared to its average volume of 2,378,330. The firm has a 50-day moving average of $122.22 and a 200 day moving average of $164.83. The company has a market cap of $16.20 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, equities analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

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.