Tidal Investments LLC Has $3.04 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Tidal Investments LLC lessened its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 90.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,983 shares of the textile maker's stock after selling 136,829 shares during the quarter. Tidal Investments LLC's holdings in Deckers Outdoor were worth $3,043,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DECK. Vanguard Group Inc. increased its holdings in shares of Deckers Outdoor by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock valued at $3,582,464,000 after buying an additional 229,807 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Deckers Outdoor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock valued at $831,723,000 after acquiring an additional 45,035 shares in the last quarter. Norges Bank purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at $392,583,000. Northern Trust Corp grew its holdings in shares of Deckers Outdoor by 13.9% during the 4th quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock valued at $321,228,000 after acquiring an additional 192,469 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Deckers Outdoor by 6.4% in the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock worth $265,262,000 after purchasing an additional 78,623 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Analysts Set New Price Targets

DECK has been the subject of a number of recent research reports. Jefferies Financial Group upped their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Telsey Advisory Group lowered shares of Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research report on Friday. Piper Sandler dropped their price target on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Robert W. Baird decreased their price objective on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, Citigroup decreased their price target on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $134.68.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. This represents a 9.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

DECK stock traded up $5.28 during midday trading on Tuesday, hitting $106.33. The company's stock had a trading volume of 2,441,224 shares, compared to its average volume of 2,518,252. The stock has a market capitalization of $16.14 billion, a P/E ratio of 17.17, a PEG ratio of 1.68 and a beta of 1.11. The company's fifty day moving average price is $114.18 and its 200 day moving average price is $157.44. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.43. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. Equities analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Deckers Outdoor declared that its board has initiated a share buyback program on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in shares. This buyback authorization authorizes the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

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.