HB Wealth Management LLC Purchases 56 Shares of Deckers Outdoor Co. (NYSE:DECK)

HB Wealth Management LLC boosted its stake in Deckers Outdoor Co. (NYSE:DECK) by 16.6% during the first quarter, Holdings Channel.com reports. The firm owned 393 shares of the textile maker’s stock after buying an additional 56 shares during the period. HB Wealth Management LLC’s holdings in Deckers Outdoor were worth $370,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FinTrust Capital Advisors LLC increased its stake in shares of Deckers Outdoor by 437.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after buying an additional 35 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth $33,000. Contravisory Investment Management Inc. purchased a new stake in shares of Deckers Outdoor in the first quarter worth $36,000. FSC Wealth Advisors LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth $39,000. Finally, JFS Wealth Advisors LLC grew its stake in shares of Deckers Outdoor by 265.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 84 shares of the textile maker’s stock worth $56,000 after acquiring an additional 61 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. KeyCorp increased their target price on Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. Citigroup raised their target price on Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Evercore ISI raised their target price on Deckers Outdoor from $960.00 to $1,110.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Wells Fargo & Company raised their target price on Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. Finally, Truist Financial raised Deckers Outdoor from a “hold” rating to a “buy” rating and raised their target price for the stock from $1,011.00 to $1,200.00 in a research report on Tuesday, May 28th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,023.44.

Insider Buying and Selling at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Caroti Stefano sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the completion of the transaction, the insider now directly owns 39,926 shares in the company, valued at $43,109,699.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. Insiders sold 28,101 shares of company stock valued at $28,858,562 over the last quarter. 0.70% of the stock is currently owned by insiders.

Deckers Outdoor Stock Performance

NYSE:DECK traded up $0.78 during mid-day trading on Friday, hitting $936.47. 84,671 shares of the company’s stock traded hands, compared to its average volume of 395,903. The company has a fifty day moving average of $958.25 and a 200 day moving average of $866.71. Deckers Outdoor Co. has a twelve month low of $484.02 and a twelve month high of $1,106.89. The company has a market capitalization of $23.82 billion, a P/E ratio of 31.86, a P/E/G ratio of 3.13 and a beta of 1.06.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, beating the consensus estimate of $2.82 by $2.13. The business had revenue of $959.76 million for the quarter, compared to the consensus estimate of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.46 EPS. On average, research analysts expect that Deckers Outdoor Co. will post 30.59 earnings per share for the current fiscal year.

Deckers Outdoor 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.