Steward Partners Investment Advisory LLC Has $1.25 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Steward Partners Investment Advisory LLC lifted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,140 shares of the textile maker’s stock after acquiring an additional 212 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Deckers Outdoor were worth $1,247,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in DECK. Bell Investment Advisors Inc boosted its holdings in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares in the last quarter. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. boosted its stake in Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares in the last quarter. Brooklyn Investment Group bought a new stake in Deckers Outdoor in the third quarter valued at $36,000. Finally, Avior Wealth Management LLC raised its stake in Deckers Outdoor by 2,966.7% during the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock worth $44,000 after acquiring an additional 267 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $126.81 on Monday. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10. The firm’s 50 day simple moving average is $179.75 and its 200 day simple moving average is $159.83. Deckers Outdoor Co. has a fifty-two week low of $122.61 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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%. Equities research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on DECK. Evercore ISI boosted their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Friday, February 7th. KeyCorp boosted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $197.41.

Insiders Place Their Bets

In related news, Director David Powers sold 25,000 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,574 shares of company stock worth $6,485,189 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

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.