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

GAMMA Investing LLC grew its position in Deckers Outdoor Co. (NYSE:DECK) by 38.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DECK. FMR LLC increased its holdings in shares of 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 buying an additional 19,053,113 shares in the last quarter. State Street Corp boosted its holdings in shares of Deckers Outdoor by 513.8% in the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after acquiring an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC grew its position in Deckers Outdoor by 509.1% during 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 during the last quarter. JPMorgan Chase & Co. increased its holdings in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Deckers Outdoor by 529.0% in the 3rd 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 valued at $203,674,000 after purchasing an additional 1,074,263 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling

In other news, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares in the company, valued at $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,036 shares of company stock valued at $13,715,482. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DECK shares. BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Guggenheim assumed coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating for the company. Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Piper Sandler set a $166.00 price objective on shares of Deckers Outdoor in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.59.

Deckers Outdoor Trading Up 1.3 %

Shares of DECK opened at $207.25 on Friday. The stock has a market cap of $31.49 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. The stock’s 50-day moving average price is $191.11 and its two-hundred day moving average price is $110.67. Deckers Outdoor Co. has a 1 year low of $108.65 and a 1 year high of $214.70.

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