B. Riley Wealth Advisors Inc. Increases Position in Deckers Outdoor Co. (NYSE:DECK)

B. Riley Wealth Advisors Inc. boosted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 506.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,674 shares of the textile maker's stock after purchasing an additional 5,574 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Deckers Outdoor were worth $1,060,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Solstein Capital LLC boosted its holdings in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock worth $26,000 after buying an additional 135 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker's stock worth $27,000 after acquiring an additional 23 shares during the period. Bell Investment Advisors Inc boosted its stake in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock worth $28,000 after acquiring an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker's stock valued at $32,000 after acquiring an additional 200 shares during the period. Finally, Crewe Advisors LLC purchased a new stake in shares of Deckers Outdoor in the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the transaction, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. The trade was a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,234 shares of company stock worth $15,248,513 over the last 90 days. 0.40% of the stock is owned by insiders.

Deckers Outdoor Trading Down 4.2 %

Shares of NYSE:DECK traded down $8.89 during mid-day trading on Wednesday, reaching $201.48. The stock had a trading volume of 1,577,044 shares, compared to its average volume of 2,203,326. The company has a market cap of $30.61 billion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. The business's 50 day moving average price is $178.90 and its 200 day moving average price is $95.61. Deckers Outdoor Co. has a 1 year low of $108.65 and a 1 year high of $213.03.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the prior year, the firm earned $1.14 EPS. The company's revenue for the quarter was up 20.1% on a year-over-year basis. Analysts predict that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on DECK. Seaport Res Ptn downgraded Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 7th. Evercore ISI boosted their price objective on Deckers Outdoor from $185.00 to $195.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research note on Thursday, October 17th. UBS Group lifted their price target on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, BTIG Research cut shares of Deckers Outdoor from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 22nd. 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $158.59.

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.