Park Avenue Securities LLC Acquires 5,727 Shares of Deckers Outdoor Co. (NYSE:DECK)

Park Avenue Securities LLC lifted its stake in Deckers Outdoor Co. (NYSE:DECK) by 39.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,360 shares of the textile maker’s stock after purchasing an additional 5,727 shares during the quarter. Park Avenue Securities LLC’s holdings in Deckers Outdoor were worth $4,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its position in Deckers Outdoor by 499.2% during the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares during the last quarter. State Street Corp lifted its stake in shares of Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Deckers Outdoor by 509.1% during the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after buying an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after acquiring 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 holdings 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 worth $203,674,000 after acquiring an additional 1,074,263 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 2.3 %

NYSE DECK opened at $208.44 on Friday. Deckers Outdoor Co. has a 12 month low of $118.85 and a 12 month high of $214.70. The stock has a market cap of $31.67 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 2.89 and a beta of 1.08. The company’s 50 day moving average is $198.51 and its two-hundred day moving average is $121.87.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data 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 the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. Sell-side analysts forecast that Deckers Outdoor Co. will post 5.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on DECK. Truist Financial lifted their target price on Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday. BTIG Research downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. KeyCorp upped their target price on shares of Deckers Outdoor from $190.00 to $213.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Robert W. Baird boosted their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Needham & Company LLC raised their target price on shares of Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.06.

Insider Transactions at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the transaction, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 75,036 shares of company stock valued at $13,715,482 over the last 90 days. Company insiders own 0.40% of the company’s stock.

About Deckers Outdoor

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.