Raymond James Financial Services Advisors Inc. Grows Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Raymond James Financial Services Advisors Inc. lifted its position in Deckers Outdoor Co. (NYSE:DECK) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,818 shares of the textile maker’s stock after buying an additional 64 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Deckers Outdoor were worth $1,215,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates increased its stake in Deckers Outdoor by 15.5% during the fourth quarter. Raymond James & Associates now owns 15,311 shares of the textile maker’s stock worth $10,234,000 after purchasing an additional 2,050 shares during the period. AustralianSuper Pty Ltd acquired a new stake in Deckers Outdoor during the 4th quarter worth approximately $4,819,000. Compagnie Lombard Odier SCmA purchased a new position in Deckers Outdoor in the 4th quarter valued at approximately $167,000. HB Wealth Management LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth $225,000. Finally, SG Americas Securities LLC increased its position in shares of Deckers Outdoor by 112.1% during the fourth quarter. SG Americas Securities LLC now owns 965 shares of the textile maker’s stock worth $645,000 after acquiring an additional 510 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 0.7 %

NYSE:DECK opened at $814.37 on Friday. The company has a market capitalization of $20.90 billion, a PE ratio of 29.29, a P/E/G ratio of 1.45 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’s 50 day moving average price is $887.43 and its 200 day moving average price is $726.36.

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

Analyst Upgrades and Downgrades

DECK has been the subject of several analyst reports. KeyCorp began coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They set an “overweight” rating and a $960.00 target price for the company. UBS Group upped their target price on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company lifted their price target on shares of Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Truist Financial reissued a “hold” rating and issued a $864.00 price objective (down from $983.00) on shares of Deckers Outdoor in a research report on Wednesday. Finally, Raymond James boosted their target price on shares of Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $870.93.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 17,978 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $70,375,161.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO David Powers sold 17,978 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total value of $12,881,596.56. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $70,375,161.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela Ogbechie sold 313 shares of the stock in a transaction 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 sale, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,449 shares of company stock worth $34,172,388. Company insiders own 0.70% of the company’s stock.

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