Outlook Wealth Advisors LLC Grows Position in Deckers Outdoor Co. (NYSE:DECK)

Outlook Wealth Advisors LLC raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,545 shares of the textile maker’s stock after purchasing an additional 163 shares during the period. Outlook Wealth Advisors LLC’s holdings in Deckers Outdoor were worth $517,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DECK. Sunbelt Securities Inc. increased its holdings in Deckers Outdoor by 7.5% during the second quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after buying an additional 19 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Deckers Outdoor by 5.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock valued at $393,000 after buying an additional 20 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Deckers Outdoor by 2.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock worth $889,000 after acquiring an additional 23 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Deckers Outdoor by 5.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 497 shares of the textile maker’s stock worth $481,000 after acquiring an additional 27 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in Deckers Outdoor by 2.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,663 shares of the textile maker’s stock valued at $1,609,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the transaction, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock worth $13,715,482 in the last 90 days. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $203.46 on Thursday. The firm has a market cap of $30.91 billion, a PE ratio of 35.78, a PEG ratio of 2.90 and a beta of 1.08. The firm has a fifty day moving average of $197.77 and a 200 day moving average of $121.26. Deckers Outdoor Co. has a one year low of $117.02 and a one year high of $214.70.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share 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 for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, equities analysts predict that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Analyst Ratings Changes

DECK has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. 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. Evercore ISI increased their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Finally, Robert W. Baird lifted their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.76.

About Deckers Outdoor

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.