GAMMA Investing LLC Has $588,000 Stock Position in Deckers Outdoor Co. (NYSE:DECK)

GAMMA Investing LLC grew its holdings in Deckers Outdoor Co. (NYSE:DECK) by 38.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,897 shares of the textile maker’s stock after purchasing an additional 804 shares during the period. GAMMA Investing LLC’s holdings in Deckers Outdoor were worth $588,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DECK. Solstein Capital LLC increased its stake in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Rakuten Securities Inc. raised its holdings in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after acquiring an additional 175 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Deckers Outdoor during the third quarter valued at approximately $36,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $207.25 on Friday. The firm has a 50-day moving average of $191.11 and a 200-day moving average of $110.67. Deckers Outdoor Co. has a 52-week low of $108.65 and a 52-week high of $214.70. The stock has a market cap of $31.49 billion, a PE ratio of 36.45, a PEG ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue was up 20.1% compared to the same quarter last year. Equities research analysts predict that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DECK shares. Evercore ISI upped their price objective on Deckers Outdoor from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research report on Thursday, October 17th. Truist Financial lifted their price objective on shares of Deckers Outdoor from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, Barclays lifted their price target on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.59.

Insiders Place Their Bets

In other news, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now directly owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,036 shares of company stock worth $13,715,482 in the last 90 days. Company insiders own 0.40% of the company’s stock.

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.