Fox Hill Wealth Management Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

Fox Hill Wealth Management acquired a new stake in Deckers Outdoor Co. (NYSE:DECK) during the first quarter, Holdings Channel.com reports. The firm acquired 300 shares of the textile maker’s stock, valued at approximately $282,000.

Other institutional investors have also modified their holdings of the company. FinTrust Capital Advisors LLC boosted its holdings in shares of Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after buying an additional 35 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth about $33,000. Contravisory Investment Management Inc. acquired a new stake in shares of Deckers Outdoor during the first quarter worth about $36,000. FSC Wealth Advisors LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $39,000. Finally, JFS Wealth Advisors LLC grew its stake in Deckers Outdoor by 265.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 84 shares of the textile maker’s stock worth $56,000 after buying an additional 61 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 3.2 %

Shares of DECK stock traded down $31.96 during trading hours on Friday, hitting $967.95. The company’s stock had a trading volume of 589,377 shares, compared to its average volume of 306,886. Deckers Outdoor Co. has a twelve month low of $484.02 and a twelve month high of $1,106.89. The stock has a market cap of $24.63 billion, a price-to-earnings ratio of 33.05, a P/E/G ratio of 3.24 and a beta of 1.11. The business has a fifty day moving average of $949.00 and a 200-day moving average of $861.28.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, topping the consensus estimate of $2.82 by $2.13. The company had revenue of $959.76 million during the quarter, compared to the consensus estimate of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. Deckers Outdoor’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.46 earnings per share. On average, equities analysts expect that Deckers Outdoor Co. will post 30.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DECK shares. UBS Group increased their price target on shares of Deckers Outdoor from $1,150.00 to $1,265.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Citigroup upped their price objective on Deckers Outdoor from $835.00 to $920.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Wells Fargo & Company lifted their price objective on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. BTIG Research boosted their price objective on shares of Deckers Outdoor from $1,120.00 to $1,200.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Wedbush raised their target price on shares of Deckers Outdoor from $1,000.00 to $1,030.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,023.44.

Insider Activity

In other Deckers Outdoor news, insider Thomas Garcia sold 4,000 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total value of $4,299,440.00. Following the completion of the sale, the insider now directly owns 11,654 shares of the company’s stock, valued at approximately $12,526,418.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Deckers Outdoor news, insider Thomas Garcia sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total value of $4,299,440.00. Following the sale, the insider now directly owns 11,654 shares of the company’s stock, valued at approximately $12,526,418.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Powers sold 10,955 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the transaction, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at approximately $82,580,519. The disclosure for this sale can be found here. Insiders sold a total of 28,101 shares of company stock valued at $28,858,562 over the last 90 days. Insiders own 0.70% of the company’s stock.

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.