Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Deckers Outdoor Co. (NYSE:DECK) by 20.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229 shares of the textile maker’s stock after buying an additional 39 shares during the period. GAMMA Investing LLC’s holdings in Deckers Outdoor were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Los Angeles Capital Management LLC bought a new stake in shares of Deckers Outdoor in the first quarter worth $10,879,000. Somerset Trust Co acquired a new position in Deckers Outdoor during the 1st quarter worth $209,000. HighPoint Advisor Group LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth about $163,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Deckers Outdoor by 2.2% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 1,768 shares of the textile maker’s stock valued at $1,182,000 after purchasing an additional 38 shares in the last quarter. Finally, Leo Wealth LLC bought a new position in shares of Deckers Outdoor during the fourth quarter worth about $1,344,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the sale, the chief executive officer now directly owns 76,006 shares in the company, valued at approximately $82,580,519. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the completion of the transaction, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at approximately $82,580,519. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael F. Devine III sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $1,077.00, for a total value of $2,154,000.00. Following the completion of the sale, the director now directly owns 6,204 shares in the company, valued at approximately $6,681,708. The disclosure for this sale can be found here. Insiders sold 28,101 shares of company stock valued at $28,858,562 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

Deckers Outdoor Trading Down 1.9 %

DECK opened at $989.44 on Friday. The business’s 50 day moving average is $928.83 and its 200-day moving average is $848.23. The stock has a market cap of $25.17 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 3.37 and a beta of 1.11. Deckers Outdoor Co. has a twelve month low of $484.02 and a twelve month high of $1,106.89.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, beating the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The firm had revenue of $959.76 million for the quarter, compared to the consensus estimate of $892.00 million. During the same quarter in the previous year, the business earned $3.46 EPS. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, analysts forecast that Deckers Outdoor Co. will post 30.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DECK shares. UBS Group boosted their price objective on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a report on Friday, May 24th. TD Cowen upped their price target on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Citigroup raised their price objective on Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Stifel Nicolaus boosted their target price on shares of Deckers Outdoor from $775.00 to $825.00 and gave the company a “hold” rating in a research note on Friday, May 24th. Finally, Barclays reduced their price target on shares of Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $1,018.44.

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