Twinbeech Capital LP Invests $44.55 Million in Deckers Outdoor Co. (NYSE:DECK)

Twinbeech Capital LP acquired a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 219,364 shares of the textile maker's stock, valued at approximately $44,551,000. Twinbeech Capital LP owned about 0.14% of Deckers Outdoor at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DECK. Resonant Capital Advisors LLC lifted its position in Deckers Outdoor by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock worth $489,000 after acquiring an additional 52 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Deckers Outdoor by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. lifted its position in Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock worth $521,000 after acquiring an additional 64 shares during the last quarter. Prosperity Wealth Management Inc. lifted its position in Deckers Outdoor by 2.8% during the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock worth $564,000 after acquiring an additional 75 shares during the last quarter. Finally, WD Rutherford LLC lifted its position in Deckers Outdoor by 4.8% during the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock worth $352,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Insiders Place Their Bets

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. This trade represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm'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 approximately $1,396,978.24. The trade was a 2.81% 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.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. KeyCorp dropped their price objective on shares of Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th. UBS Group restated a "hold" rating on shares of Deckers Outdoor in a report on Thursday. Barclays restated an "overweight" rating on shares of Deckers Outdoor in a report on Thursday. Finally, Truist Financial dropped their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.79.

Deckers Outdoor Stock Performance

Deckers Outdoor stock traded up $3.38 during trading hours on Thursday, hitting $126.74. 7,254,701 shares of the stock were exchanged, compared to its average volume of 2,466,923. The stock has a market capitalization of $19.24 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The business's 50-day moving average is $114.83 and its two-hundred day moving average is $158.54.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.45. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Deckers Outdoor's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. On average, equities analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal 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.