Oddo BHF Asset Management Sas Invests $2.25 Million in Deckers Outdoor Co. (NYSE:DECK)

Oddo BHF Asset Management Sas bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,082 shares of the textile maker’s stock, valued at approximately $2,245,000.

Several other institutional investors have also recently added to or reduced their stakes in DECK. Solstein Capital LLC boosted its position in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares during the period. Bell Investment Advisors Inc boosted its holdings in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 175 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new stake in Deckers Outdoor in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insiders Place Their Bets

In other news, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction on 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction dated Thursday, October 31st. The stock was 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 in the company, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,234 shares of company stock valued at $15,248,513 in the last ninety days. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

DECK has been the topic of several research reports. Truist Financial raised their price objective on shares of Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Barclays boosted their price target on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. KeyCorp lifted their target price on Deckers Outdoor from $190.00 to $213.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Telsey Advisory Group upped their price target on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $158.59.

Deckers Outdoor Price Performance

NYSE DECK opened at $203.09 on Thursday. The business has a 50 day moving average price of $189.28 and a 200 day moving average price of $108.76. The company has a market capitalization of $30.85 billion, a P/E ratio of 35.71, a PEG ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a 1-year low of $108.65 and a 1-year high of $214.70.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, research analysts expect that Deckers Outdoor Co. will post 5.49 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.