HB Wealth Management LLC Acquires 355 Shares of Deckers Outdoor Co. (NYSE:DECK)

HB Wealth Management LLC raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,962 shares of the textile maker’s stock after acquiring an additional 355 shares during the period. HB Wealth Management LLC’s holdings in Deckers Outdoor were worth $1,414,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DECK. FMR LLC increased its stake in Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares in the last quarter. State Street Corp lifted its holdings in Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after acquiring an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC grew its stake in Deckers Outdoor by 509.1% in the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after acquiring an additional 3,393,420 shares during the period. JPMorgan Chase & Co. raised its position in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after purchasing an additional 1,074,263 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In other news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Garcia sold 18,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,036 shares of company stock valued at $13,715,482. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Stock Performance

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

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. As a group, analysts predict that Deckers Outdoor Co. will post 5.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on DECK shares. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research note on Thursday, October 17th. KeyCorp boosted their price objective on shares of Deckers Outdoor from $190.00 to $213.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Company boosted their price target on Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, StockNews.com cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.06.

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.