Y Intercept Hong Kong Ltd Acquires Shares of 5,173 Deckers Outdoor Co. (NYSE:DECK)

Dec 10, 2023

Y Intercept Hong Kong Ltd acquired a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,173 shares of the textile maker's stock, valued at approximately $2,326,000.

A number of other large investors also recently modified their holdings of the company. State Street Corp raised its stake in Deckers Outdoor by 2.3% during the 1st quarter. State Street Corp now owns 720,033 shares of the textile maker's stock worth $197,123,000 after acquiring an additional 16,529 shares in the last quarter. American Century Companies Inc. raised its stake in Deckers Outdoor by 6.3% during the 4th quarter. American Century Companies Inc. now owns 617,003 shares of the textile maker's stock worth $246,283,000 after acquiring an additional 36,699 shares in the last quarter. Morgan Stanley raised its stake in Deckers Outdoor by 213.8% during the 4th quarter. Morgan Stanley now owns 613,351 shares of the textile maker's stock worth $244,825,000 after acquiring an additional 417,917 shares in the last quarter. Wellington Management Group LLP raised its stake in Deckers Outdoor by 18.0% during the 1st quarter. Wellington Management Group LLP now owns 433,426 shares of the textile maker's stock worth $118,658,000 after acquiring an additional 66,072 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in Deckers Outdoor by 66.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 388,994 shares of the textile maker's stock worth $155,271,000 after acquiring an additional 155,121 shares in the last quarter. 99.46% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have issued reports on DECK shares. StockNews.com started coverage on shares of Deckers Outdoor in a research report on Thursday, May 18th. They set a "hold" rating on the stock. TD Cowen lifted their target price on shares of Deckers Outdoor from $560.00 to $575.00 and gave the company an "outperform" rating in a report on Tuesday, July 25th. Robert W. Baird lifted their target price on shares of Deckers Outdoor from $575.00 to $620.00 and gave the company an "outperform" rating in a report on Friday, July 28th. Raymond James initiated coverage on shares of Deckers Outdoor in a report on Tuesday, June 13th. They issued an "outperform" rating and a $565.00 target price on the stock. Finally, Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $550.00 to $600.00 and gave the company a "buy" rating in a report on Friday, July 28th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $574.57.

Check Out Our Latest Research Report on Deckers Outdoor

Shares of DECK opened at $559.46 on Friday. The company has a 50-day moving average of $525.83 and a two-hundred day moving average of $473.27. The stock has a market cap of $14.62 billion, a P/E ratio of 27.76, a PEG ratio of 1.40 and a beta of 0.92. Deckers Outdoor Co. has a 12-month low of $298.61 and a 12-month high of $568.47.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, July 27th. The textile maker reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.25. Deckers Outdoor had a net margin of 14.33% and a return on equity of 30.85%. The firm had revenue of $675.79 million during the quarter, compared to the consensus estimate of $666.95 million. During the same period in the previous year, the firm earned $1.66 earnings per share. Deckers Outdoor's revenue was up 10.0% compared to the same quarter last year. As a group, analysts forecast that Deckers Outdoor Co. will post 22.36 EPS for the current fiscal year.

In other Deckers Outdoor news, insider Caroti Stefano sold 7,408 shares of the business's stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $490.00, for a total transaction of $3,629,920.00. Following the completion of the sale, the insider now directly owns 45,142 shares in the company, valued at $22,119,580. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Angela Ogbechie sold 374 shares of the company's stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $474.44, for a total value of $177,440.56. Following the sale, the insider now directly owns 2,799 shares of the company's stock, valued at $1,327,957.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Caroti Stefano sold 7,408 shares of the company's stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $490.00, for a total transaction of $3,629,920.00. Following the completion of the sale, the insider now directly owns 45,142 shares in the company, valued at $22,119,580. The disclosure for this sale can be found here. Insiders sold a total of 17,182 shares of company stock worth $8,344,429 over the last ninety days. 0.70% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Co. (NYSE:DECK - Free Report).

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