Modern Wealth Management LLC Acquires Shares of 2,540 Deckers Outdoor Co. (NYSE:DECK)

Modern Wealth Management LLC bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,540 shares of the textile maker’s stock, valued at approximately $516,000.

Several other large investors have also made changes to their positions in DECK. Resonant Capital Advisors LLC lifted its position in Deckers Outdoor by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after purchasing an additional 52 shares during the period. Bleakley Financial Group LLC raised its position in Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after buying an additional 54 shares during the last quarter. Mather Group LLC. lifted its stake in Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after acquiring an additional 64 shares in the last quarter. Prosperity Wealth Management Inc. raised its holdings in shares of Deckers Outdoor by 2.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock valued at $564,000 after purchasing an additional 75 shares during the last quarter. Finally, WD Rutherford LLC boosted its holdings in Deckers Outdoor by 4.8% during the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock worth $352,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

DECK has been the subject of several analyst reports. Bank of America raised their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on shares of 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. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. KeyCorp increased their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other news, 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 approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was 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 Stock Performance

NYSE:DECK opened at $116.95 on Friday. Deckers Outdoor Co. has a fifty-two week low of $112.10 and a fifty-two week high of $223.98. The company has a market cap of $17.75 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.68 and a beta of 1.10. The stock has a fifty day moving average price of $155.43 and a 200-day moving average price of $167.03.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Research analysts predict 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.