NewEdge Wealth LLC Purchases New Shares in Deckers Outdoor Co. (NYSE:DECK)

NewEdge Wealth LLC acquired a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, Holdings Channel.com reports. The fund acquired 327 shares of the textile maker’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DECK. Advisor Resource Council purchased a new position in shares of Deckers Outdoor in the 4th quarter worth about $970,000. Advisors Preferred LLC bought a new position in shares of Deckers Outdoor during the 4th quarter valued at approximately $2,271,000. First Trust Direct Indexing L.P. boosted its stake in Deckers Outdoor by 12.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 458 shares of the textile maker’s stock worth $235,000 after purchasing an additional 51 shares during the period. International Assets Investment Management LLC bought a new position in Deckers Outdoor in the 4th quarter worth approximately $73,722,000. Finally, SG Americas Securities LLC boosted its stake in Deckers Outdoor by 112.1% in the 4th quarter. SG Americas Securities LLC now owns 965 shares of the textile maker’s stock worth $645,000 after purchasing an additional 510 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the company’s 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 completion of the sale, the insider now directly owns 4,027 shares in the company, valued at approximately $3,399,311.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Lauri M. Shanahan sold 3,672 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $832.22, for a total value of $3,055,911.84. Following the transaction, the director now owns 4,515 shares of the company’s stock, valued at approximately $3,757,473.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the transaction, the insider now directly owns 4,027 shares in the company, valued at approximately $3,399,311.51. The disclosure for this sale can be found here. Insiders sold a total of 30,464 shares of company stock worth $26,229,683 in the last three months. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Piper Sandler upped their price objective on Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Stifel Nicolaus increased their price target on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. UBS Group raised their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. KeyCorp initiated coverage on Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 target price for the company. Finally, Truist Financial reissued a “hold” rating and issued a $864.00 price target (down from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $890.93.

Deckers Outdoor Stock Down 0.8 %

Shares of NYSE:DECK opened at $813.00 on Friday. The business has a fifty day moving average of $886.18 and a two-hundred day moving average of $732.82. The stock has a market cap of $20.87 billion, a P/E ratio of 29.24, a PEG ratio of 1.44 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.

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

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