Diversify Wealth Management LLC Has $1.21 Million Position in Deckers Outdoor Co. (NYSE:DECK)

Diversify Wealth Management LLC raised its position in Deckers Outdoor Co. (NYSE:DECK) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,817 shares of the textile maker’s stock after buying an additional 806 shares during the quarter. Diversify Wealth Management LLC’s holdings in Deckers Outdoor were worth $1,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DECK. Solstein Capital LLC increased its position in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after acquiring an additional 135 shares during the period. Bell Investment Advisors Inc increased its holdings in shares of 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 purchasing an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in Deckers Outdoor during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DECK. Wells Fargo & Company upped their target price on Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. StockNews.com downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research report on Thursday, October 17th. Robert W. Baird increased their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.06.

Insider Buying and Selling

In other news, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the sale, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the sale, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This trade represents a 4.14 % 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. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Up 0.9 %

Shares of Deckers Outdoor stock opened at $210.15 on Tuesday. The stock has a market cap of $31.93 billion, a price-to-earnings ratio of 36.96, a P/E/G ratio of 2.89 and a beta of 1.08. Deckers Outdoor Co. has a twelve month low of $120.23 and a twelve month high of $214.70. The company’s fifty day moving average is $199.86 and its 200 day moving average is $125.81.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $1.14 earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts anticipate that Deckers Outdoor Co. will post 5.53 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.