Tidal Investments LLC Grows Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Tidal Investments LLC boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 3,540.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,812 shares of the textile maker's stock after purchasing an additional 147,642 shares during the period. Tidal Investments LLC owned about 0.10% of Deckers Outdoor worth $24,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of DECK. FMR LLC boosted its position in Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker's stock worth $3,646,539,000 after purchasing an additional 19,053,113 shares in the last quarter. State Street Corp lifted its position in shares of Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker's stock valued at $1,049,867,000 after buying an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC increased its holdings in Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker's stock worth $646,316,000 after acquiring an additional 3,393,420 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Deckers Outdoor by 529.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker's stock worth $203,674,000 after acquiring an additional 1,074,263 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Deckers Outdoor by 904.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,011,073 shares of the textile maker's stock valued at $161,216,000 after purchasing an additional 910,430 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Guggenheim began coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They issued a "neutral" rating on the stock. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a report on Thursday, October 17th. Truist Financial raised their price target on shares of Deckers Outdoor from $205.00 to $230.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. StockNews.com lowered shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company upped their target price on Deckers Outdoor from $165.00 to $170.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.59.

Insider Activity at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction 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 $26,973,539.46. This represents a 5.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,234 shares of company stock valued at $15,248,513 over the last three months. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Stock Down 1.3 %

NYSE DECK traded down $2.67 on Wednesday, hitting $203.09. 1,317,242 shares of the stock were exchanged, compared to its average volume of 2,182,787. Deckers Outdoor Co. has a fifty-two week low of $108.65 and a fifty-two week high of $214.70. The company has a 50-day moving average price of $189.28 and a 200-day moving average price of $108.76. The company has a market cap of $30.85 billion, a PE ratio of 35.71, a PEG ratio of 2.87 and a beta of 1.08.

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

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.