2,516 Shares in Deckers Outdoor Co. (NYSE:DECK) Bought by Strategies Wealth Advisors LLC

Strategies Wealth Advisors LLC bought a new position in Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,516 shares of the textile maker’s stock, valued at approximately $511,000.

Several other institutional investors also recently modified their holdings of DECK. Headlands Technologies LLC bought a new position in Deckers Outdoor in the 4th quarter worth about $29,000. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor in the 4th quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. increased its holdings 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 worth $34,000 after purchasing an additional 120 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 198 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of Deckers Outdoor by 404.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker’s stock valued at $51,000 after buying an additional 202 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

DECK stock opened at $108.94 on Monday. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The business has a 50 day simple moving average of $130.39 and a two-hundred day simple moving average of $167.52. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on DECK. Barclays upped their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Evercore ISI lifted their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Raymond James raised Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and lowered their price target for the company from $235.00 to $150.00 in a report on Thursday. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report 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 report on Friday, January 31st. Nine investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.89.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

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.