Unique Wealth LLC Acquires Shares of 1,885 Deckers Outdoor Co. (NYSE:DECK)

Unique Wealth LLC bought a new position in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,885 shares of the textile maker’s stock, valued at approximately $383,000.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC increased its stake 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 valued at $3,646,539,000 after buying an additional 19,053,113 shares during the period. State Street Corp raised its holdings in 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 purchasing an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after purchasing an additional 3,393,420 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of 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 increased its position in shares of Deckers Outdoor by 529.0% during the third 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 buying an additional 1,074,263 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK stock opened at $204.77 on Tuesday. Deckers Outdoor Co. has a 1 year low of $117.02 and a 1 year high of $214.70. The company has a market cap of $31.11 billion, a P/E ratio of 36.01, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08. The stock’s fifty day moving average price is $196.15 and its 200-day moving average price is $119.42.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm posted $1.14 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, analysts expect that Deckers Outdoor Co. will post 5.49 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on DECK. Guggenheim started coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. KeyCorp upped their price target on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Needham & Company LLC boosted their target price on shares of Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a report on Monday, January 6th. StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Finally, Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.76.

Insider Activity

In other news, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now directly owns 10,222 shares in the company, valued at approximately $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. Insiders sold a total of 75,036 shares of company stock valued at $13,715,482 in 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.