Deckers Outdoor Co. (NYSE:DECK) Stake Lifted by Spire Wealth Management

Spire Wealth Management increased its stake in Deckers Outdoor Co. (NYSE:DECK) by 24.3% in the 4th quarter, HoldingsChannel reports. The fund owned 3,741 shares of the textile maker’s stock after acquiring an additional 731 shares during the period. Spire Wealth Management’s holdings in Deckers Outdoor were worth $760,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $31,000. Solstein Capital LLC lifted its stake in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its stake in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 175 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Transactions at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 8,802 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.00, for a total value of $1,540,350.00. Following the transaction, the chief financial officer now directly owns 153,036 shares in the company, valued at approximately $26,781,300. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bonita C. Stewart sold 9,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.42, for a total transaction of $1,578,780.00. Following the completion of the transaction, the director now owns 44,988 shares in the company, valued at $7,891,794.96. The trade was a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,758 shares of company stock worth $13,506,861 in the last 90 days. 0.40% of the stock is owned by insiders.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $169.57 on Wednesday. The firm has a market cap of $25.76 billion, a PE ratio of 27.49, a P/E/G ratio of 1.85 and a beta of 1.07. The firm’s 50 day moving average price is $204.88 and its two-hundred day moving average price is $139.73. Deckers Outdoor Co. has a twelve month low of $131.39 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Equities analysts anticipate that Deckers Outdoor Co. will post 5.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. UBS Group increased their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Truist Financial cut their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Barclays upped their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus upped their price target on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

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