Strategies Wealth Advisors LLC Makes New $511,000 Investment in Deckers Outdoor Co. (NYSE:DECK)

Strategies Wealth Advisors LLC acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,516 shares of the textile maker's stock, valued at approximately $511,000.

A number of other institutional investors and hedge funds have also modified their holdings of DECK. Headlands Technologies LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor in the fourth quarter worth $31,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after acquiring an additional 120 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock valued at $45,000 after buying an additional 198 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of Deckers Outdoor by 404.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock worth $51,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Activity

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

DECK has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Needham & Company LLC reissued a "buy" rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a research note on Friday, February 7th. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Truist Financial dropped their price objective 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. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $187.89.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded up $2.64 during mid-day trading on Friday, hitting $105.66. 1,754,040 shares of the company's stock traded hands, compared to its average volume of 2,379,903. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98. The company has a market capitalization of $16.04 billion, a P/E ratio of 17.13, a PEG ratio of 1.68 and a beta of 1.07. The company's 50-day moving average is $125.30 and its two-hundred day moving average is $165.91.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Equities analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

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.