Revolve Wealth Partners LLC Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Revolve Wealth Partners LLC acquired a new position in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,214 shares of the textile maker’s stock, valued at approximately $247,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor during the fourth quarter worth $31,000. Solstein Capital LLC increased its position in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Bell Investment Advisors Inc raised its stake in Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in shares of Deckers Outdoor by 397.7% during 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 during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 1.9 %

Shares of Deckers Outdoor stock opened at $215.88 on Wednesday. The company has a fifty day moving average price of $204.50 and a 200 day moving average price of $133.84. Deckers Outdoor Co. has a twelve month low of $125.15 and a twelve month high of $218.92. The stock has a market cap of $32.80 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08.

Analyst Ratings Changes

DECK has been the subject of a number of analyst reports. Bank of America boosted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a research note on Thursday, January 23rd. Robert W. Baird lifted their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Seaport Res Ptn downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, Truist Financial lifted their price target on Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average price target of $183.19.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the transaction, the insider now owns 29,628 shares in the company, valued at $4,836,474.72. This represents a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock valued at $13,715,482 over the last quarter. 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.