EverSource Wealth Advisors LLC Buys 343 Shares of Deckers Outdoor Co. (NYSE:DECK)

EverSource Wealth Advisors LLC increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,056 shares of the textile maker’s stock after acquiring an additional 343 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Deckers Outdoor were worth $621,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $31,000. Bell Investment Advisors Inc increased its holdings in shares of Deckers Outdoor by 521.4% during the 3rd 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 last quarter. Fortitude Family Office LLC increased its holdings in shares of Deckers Outdoor by 825.0% during the 4th 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 last quarter. Brooklyn Investment Group acquired a new position in shares of Deckers Outdoor during the 3rd quarter worth approximately $36,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Deckers Outdoor by 2,966.7% during the 3rd quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock worth $44,000 after acquiring an additional 267 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Down 3.9 %

Shares of DECK stock opened at $116.84 on Friday. Deckers Outdoor Co. has a twelve month low of $115.06 and a twelve month high of $223.98. The company has a market cap of $17.73 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.68 and a beta of 1.10. The business has a fifty day simple moving average of $173.03 and a 200 day simple moving average of $160.57.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DECK shares. Needham & Company LLC reissued a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Barclays upped their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, KeyCorp upped their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $197.41.

Insider Buying and Selling

In related news, 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 completion of the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Powers sold 25,000 shares of the 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 completion of the transaction, the director now owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate 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.