Grey Fox Wealth Advisors LLC Acquires Shares of 1,068 Deckers Outdoor Co. (NYSE:DECK)

Grey Fox Wealth Advisors LLC purchased a new position in Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,068 shares of the textile maker’s stock, valued at approximately $217,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc raised its stake in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after buying an additional 146 shares during the period. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor in the 4th quarter worth about $31,000. Brooklyn Investment Group purchased a new stake in Deckers Outdoor during the third quarter valued at about $36,000. Avior Wealth Management LLC boosted its position 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 purchasing an additional 267 shares during the period. Finally, Fortitude Family Office LLC increased its stake in shares of Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 3.4 %

DECK opened at $119.17 on Thursday. The stock has a market capitalization of $18.09 billion, a P/E ratio of 19.32, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12-month low of $115.00 and a 12-month high of $223.98. The stock has a 50-day moving average price of $165.87 and a 200-day moving average price of $164.06.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating 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%. On average, equities research analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

DECK has been the subject of several analyst reports. Evercore ISI raised their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Friday, February 7th. Wells Fargo & Company reduced their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Truist Financial cut their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred 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. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

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.