Independent Advisor Alliance Buys 709 Shares of Deckers Outdoor Co. (NYSE:DECK)

Independent Advisor Alliance grew its stake in Deckers Outdoor Co. (NYSE:DECK) by 2.7% during the fourth quarter, Holdings Channel reports. The firm owned 26,869 shares of the textile maker’s stock after purchasing an additional 709 shares during the period. Independent Advisor Alliance’s holdings in Deckers Outdoor were worth $5,457,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor during the fourth quarter worth $31,000. Bell Investment Advisors Inc lifted its holdings in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares during the period. Rakuten Securities Inc. lifted its holdings in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after acquiring an additional 175 shares during the period. Fortitude Family Office LLC lifted its holdings in Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after acquiring an additional 198 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Deckers Outdoor in the third quarter valued at $36,000. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DECK. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Jefferies Financial Group boosted their target price on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research note on Friday, February 7th. Truist Financial lowered their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $197.41.

Insider Activity

In other news, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Down 0.5 %

Shares of NYSE DECK opened at $120.54 on Wednesday. The firm has a market capitalization of $18.29 billion, a P/E ratio of 19.54, a P/E/G ratio of 1.68 and a beta of 1.10. The stock’s 50-day simple moving average is $176.41 and its two-hundred day simple moving average is $161.15. Deckers Outdoor Co. has a twelve month low of $119.30 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS 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.