Oddo BHF Asset Management Sas Acquires Shares of 14,082 Deckers Outdoor Co. (NYSE:DECK)

Oddo BHF Asset Management Sas acquired a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 14,082 shares of the textile maker's stock, valued at approximately $2,245,000.

Other large investors have also recently made changes to their positions in the company. American Trust raised its stake in Deckers Outdoor by 566.7% in the third quarter. American Trust now owns 2,400 shares of the textile maker's stock valued at $383,000 after buying an additional 2,040 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Deckers Outdoor by 497.5% in the 3rd quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker's stock valued at $62,825,000 after acquiring an additional 325,451 shares during the last quarter. Tidal Investments LLC raised its position in shares of Deckers Outdoor by 3,540.6% during the 3rd quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker's stock worth $24,206,000 after acquiring an additional 147,642 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Deckers Outdoor during the third quarter worth approximately $679,000. Finally, Sanctuary Advisors LLC boosted its holdings in Deckers Outdoor by 611.0% in the third quarter. Sanctuary Advisors LLC now owns 37,105 shares of the textile maker's stock valued at $5,916,000 after purchasing an additional 31,886 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DECK shares. Barclays boosted their price target on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Needham & Company LLC upped their target price on Deckers Outdoor from $218.00 to $226.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. TD Cowen lifted their price target on Deckers Outdoor from $178.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Evercore ISI boosted their price objective on Deckers Outdoor from $185.00 to $195.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Truist Financial raised their target price on shares of Deckers Outdoor from $205.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Deckers Outdoor currently has an average rating of "Moderate Buy" and an average target price of $158.59.

Deckers Outdoor Stock Up 0.7 %

Shares of NYSE:DECK traded up $1.45 during trading on Thursday, reaching $204.54. The stock had a trading volume of 1,556,494 shares, compared to its average volume of 2,182,787. The stock has a market cap of $31.07 billion, a P/E ratio of 35.97, a PEG ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a fifty-two week low of $108.65 and a fifty-two week high of $214.70. The business has a fifty day moving average price of $190.33 and a 200-day moving average price of $109.43.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $1.14 EPS. The company's quarterly revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts forecast that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Insider Transactions at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares in the company, valued at approximately $26,973,539.46. This trade represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Garcia sold 18,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the transaction, the insider now owns 63,642 shares of the company's stock, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,234 shares of company stock worth $15,248,513. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Company 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.