BlackRock Amends DECKERS OUTDOOR Stake to 14.9%
Ticker: DECK · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 910521
| Field | Detail |
|---|---|
| Company | Deckers Outdoor CORP (DECK) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock now owns 14.9% of Deckers Outdoor, a significant institutional stake.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in Deckers Outdoor Corp. As of December 31, 2023, BlackRock Inc. reported beneficial ownership of 4,000,000 shares of Deckers Outdoor Corp. common stock, representing 14.9% of the company's outstanding shares. This is an amendment to a previous filing, indicating a change in their holdings, which is important for investors as BlackRock is a major institutional investor and changes in their stake can signal their confidence (or lack thereof) in the stock's future performance.
Why It Matters
When a major institutional investor like BlackRock adjusts its holdings, it can influence market sentiment and potentially the stock price of Deckers Outdoor Corp. Investors should note this change as it reflects BlackRock's updated position on the company's value.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investor's position, which generally adds stability rather than risk, though changes in their stake can be a factor.
Analyst Insight
Investors should monitor future SC 13G/A filings from BlackRock Inc. regarding Deckers Outdoor Corp. to track any further significant changes in their ownership, as these can provide insights into a major institutional investor's long-term view of the company.
Key Numbers
- 14.9% — Percentage of Class Owned (BlackRock Inc.'s beneficial ownership of Deckers Outdoor Corp. common stock)
- 4,000,000 — Shares Beneficially Owned (The total number of shares of Deckers Outdoor Corp. common stock beneficially owned by BlackRock Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Deckers Outdoor Corp. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant stake in Deckers Outdoor Corp. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors who acquire beneficial ownership of more than 5% of a company's voting stock, but do not intend to influence or control the company. The '/A' indicates it's an amendment to a previous filing, signaling a change in their reported ownership.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major institutional asset manager, as stated in the 'Names of reporting persons' section of the filing.
What is the subject company of this filing?
The subject company is DECKERS OUTDOOR CORPORATION, as identified in the 'Name of Issuer' section of the Schedule 13G.
As of what date were BlackRock's reported holdings accurate?
The reported holdings are accurate as of December 31, 2023, which is stated as the 'Date of Event Which Requires Filing of this Statement'.
What percentage of Deckers Outdoor Corp. common stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 14.9% of the common stock of Deckers Outdoor Corp., as indicated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding DECKERS OUTDOOR CORP (DECK).