Wallace Advisory Group LLC Acquires 1,080 Shares of Deckers Outdoor Co. (NYSE:DECK)

Wallace Advisory Group LLC raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 461.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,314 shares of the textile maker’s stock after purchasing an additional 1,080 shares during the quarter. Wallace Advisory Group LLC’s holdings in Deckers Outdoor were worth $267,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC lifted its position in Deckers Outdoor by 152.5% in the 2nd quarter. Private Advisor Group LLC now owns 760 shares of the textile maker’s stock valued at $736,000 after acquiring an additional 459 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Deckers Outdoor by 2,234.5% during the second quarter. Acadian Asset Management LLC now owns 677 shares of the textile maker’s stock valued at $655,000 after buying an additional 648 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Deckers Outdoor by 11.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 11,697 shares of the textile maker’s stock worth $11,599,000 after buying an additional 1,223 shares in the last quarter. Federated Hermes Inc. raised its position in Deckers Outdoor by 126.5% in the 2nd quarter. Federated Hermes Inc. now owns 231 shares of the textile maker’s stock valued at $224,000 after buying an additional 129 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Deckers Outdoor by 10.9% during the 2nd quarter. Parallel Advisors LLC now owns 943 shares of the textile maker’s stock valued at $913,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DECK shares. UBS Group upped their target price on shares of Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. TD Cowen increased their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 25th. KeyCorp boosted their target price on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, Needham & Company LLC upped their price objective on Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $164.76.

Deckers Outdoor Stock Down 1.3 %

Shares of NYSE:DECK opened at $204.77 on Tuesday. The firm has a market capitalization of $31.11 billion, a PE ratio of 36.01, a P/E/G ratio of 2.90 and a beta of 1.08. The company has a 50-day moving average price of $196.15 and a two-hundred day moving average price of $119.42. Deckers Outdoor Co. has a twelve month low of $117.02 and a twelve month high of $214.70.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. 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 firm earned $1.14 EPS. Deckers Outdoor’s revenue for the quarter was up 20.1% on a year-over-year basis. Analysts anticipate that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Angela Ogbechie sold 1,278 shares of the business’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 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 approximately $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now owns 10,222 shares in the company, valued at $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is 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.