Diversify Wealth Management LLC Purchases 806 Shares of Deckers Outdoor Co. (NYSE:DECK)

Diversify Wealth Management LLC boosted its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 16.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,817 shares of the textile maker’s stock after purchasing an additional 806 shares during the period. Diversify Wealth Management LLC’s holdings in Deckers Outdoor were worth $1,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its holdings in shares of Deckers Outdoor by 126.5% in the 2nd quarter. Federated Hermes Inc. now owns 231 shares of the textile maker’s stock worth $224,000 after acquiring an additional 129 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Deckers Outdoor during the second quarter worth $327,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Deckers Outdoor by 2.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,663 shares of the textile maker’s stock valued at $1,609,000 after buying an additional 34 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Deckers Outdoor by 19.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,023 shares of the textile maker’s stock valued at $990,000 after buying an additional 165 shares during the last quarter. Finally, Bridges Investment Management Inc. bought a new position in shares of Deckers Outdoor in the second quarter valued at about $252,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $210.15 on Tuesday. The stock has a 50-day simple moving average of $199.86 and a 200 day simple moving average of $125.81. Deckers Outdoor Co. has a 52-week low of $120.23 and a 52-week high of $214.70. The company has a market cap of $31.93 billion, a PE ratio of 36.96, a PEG ratio of 2.89 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $1.14 earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. On average, research analysts predict that Deckers Outdoor Co. will post 5.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on DECK shares. Bank of America boosted their target price on shares of Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. TD Cowen increased their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Needham & Company LLC boosted their price objective on Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Robert W. Baird upped their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Evercore ISI increased their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.06.

Insider Transactions at Deckers Outdoor

In other news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 29,628 shares in the company, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,036 shares of company stock worth $13,715,482 in the last three months. Insiders own 0.40% 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.