Prime Capital Investment Advisors LLC Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Prime Capital Investment Advisors LLC acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, Holdings Channel reports. The firm acquired 452 shares of the textile maker’s stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Advisor Resource Council acquired a new stake in Deckers Outdoor in the 4th quarter worth about $970,000. Advisors Preferred LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $2,271,000. First Trust Direct Indexing L.P. boosted its stake in shares of Deckers Outdoor by 12.5% in the third quarter. First Trust Direct Indexing L.P. now owns 458 shares of the textile maker’s stock valued at $235,000 after buying an additional 51 shares during the period. International Assets Investment Management LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $73,722,000. Finally, Portside Wealth Group LLC bought a new position in Deckers Outdoor during the 2nd quarter worth $508,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the completion of the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $90,640,481.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Powers sold 5,993 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $90,640,481.30. The disclosure for this sale can be found here. Insiders have sold 42,449 shares of company stock valued at $34,172,388 in the last ninety days. 0.70% of the stock is currently owned by insiders.

Deckers Outdoor Stock Performance

Shares of DECK opened at $814.65 on Friday. The stock has a market capitalization of $20.91 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 1.43 and a beta of 1.01. Deckers Outdoor Co. has a 52 week low of $424.36 and a 52 week high of $956.17. The stock has a fifty day moving average of $887.43 and a 200-day moving average of $724.80.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned $10.48 earnings per share. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts forecast that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of recent analyst reports. UBS Group upped their target price on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler increased their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Barclays assumed coverage on shares of Deckers Outdoor in a research report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 target price for the company. KeyCorp initiated coverage on shares of Deckers Outdoor in a research report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price target on the stock. Finally, Telsey Advisory Group restated an “outperform” rating and set a $930.00 price objective on shares of Deckers Outdoor in a research report on Thursday, February 15th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $870.93.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.