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

Twinbeech Capital LP acquired a new position in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 120 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Deckers Outdoor by 352.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 169 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its position in shares of Deckers Outdoor by 404.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker’s stock valued at $51,000 after purchasing an additional 202 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday. Jefferies Financial Group increased their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Barclays dropped their price objective on shares of Deckers Outdoor from $231.00 to $129.00 and set an “overweight” rating on the stock in a research report on Monday, May 12th. UBS Group increased their price objective on shares of Deckers Outdoor from $150.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company increased their price objective on shares of Deckers Outdoor from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.16.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $127.82 on Monday. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98. The company has a market capitalization of $19.40 billion, a P/E ratio of 20.72, a PEG ratio of 1.68 and a beta of 1.11. The company’s fifty day moving average is $114.19 and its two-hundred day moving average is $159.45.

Insiders Place Their Bets

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated 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 sale, the director now owns 241,777 shares of the company’s stock, valued at $33,568,318.68. The trade was a 9.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by 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.