Taika Capital LP Invests $800,000 in Deckers Outdoor Co. (NYSE:DECK)

Taika Capital LP acquired a new position in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 3,937 shares of the textile maker’s stock, valued at approximately $800,000.

Other hedge funds also recently made changes to their positions in the company. Bell Investment Advisors Inc grew its stake in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor in the 4th quarter worth about $31,000. Rakuten Securities Inc. increased its stake in Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares in the last quarter. Brooklyn Investment Group purchased a new position in Deckers Outdoor in the 3rd quarter worth about $36,000. Finally, Avior Wealth Management LLC increased its stake in Deckers Outdoor by 2,966.7% in the 3rd quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock worth $44,000 after purchasing an additional 267 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 3.9 %

DECK stock opened at $126.81 on Monday. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12 month low of $122.61 and a 12 month high of $223.98. The firm has a 50 day moving average of $179.75 and a two-hundred day moving average of $159.83.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DECK. Stifel Nicolaus lifted their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. KeyCorp lifted their price target on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Truist Financial lowered their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Barclays lifted their price target on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Insiders Place Their Bets

In related news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,574 shares of company stock valued at $6,485,189 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

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.