Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC grew its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,140 shares of the textile maker's stock after buying an additional 6,558 shares during the quarter. NewEdge Wealth LLC owned about 0.13% of Deckers Outdoor worth $38,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Solstein Capital LLC boosted its position in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Bell Investment Advisors Inc increased its position 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 purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor during the 4th quarter valued at $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in 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 worth $32,000 after buying an additional 200 shares during the period. Finally, Rakuten Securities Inc. grew its holdings in shares of Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock worth $35,000 after purchasing an additional 175 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Wells Fargo & Company decreased their target price on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Barclays lifted their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Telsey Advisory Group restated an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Jefferies Financial Group boosted their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.41.

Deckers Outdoor Price Performance

DECK traded up $0.80 on Friday, reaching $139.29. 3,003,189 shares of the company's stock were exchanged, compared to its average volume of 3,122,442. Deckers Outdoor Co. has a twelve month low of $131.39 and a twelve month high of $223.98. The stock has a market cap of $21.14 billion, a PE ratio of 22.58, a P/E/G ratio of 1.68 and a beta of 1.07. The stock's fifty day moving average price is $187.25 and its 200-day moving average price is $155.16.

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

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now owns 10,222 shares of the company's stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Deckers Outdoor Company 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.