Kingswood Wealth Advisors LLC Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Kingswood Wealth Advisors LLC bought a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,462 shares of the textile maker's stock, valued at approximately $297,000.

Several other large investors have also recently bought and sold shares of DECK. Solstein Capital LLC boosted 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 buying an additional 135 shares in the last quarter. Bell Investment Advisors Inc raised its holdings in shares of Deckers Outdoor by 521.4% in 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 in the last quarter. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor during the fourth quarter valued at approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings 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 worth $32,000 after buying an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock worth $35,000 after buying an additional 175 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DECK. Telsey Advisory Group reissued an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday. Evercore ISI boosted their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. KeyCorp raised their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. UBS Group upped their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research report on Friday. Finally, Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a research report on Friday. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $197.41.

Insider Activity

In other news, CEO Caroti Stefano sold 14,274 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the sale, the chief executive officer now directly owns 259,266 shares of the company's stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now directly owns 10,222 shares of the company's stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,758 shares of company stock valued at $13,506,861 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Price Performance

NYSE:DECK traded down $1.06 during trading hours on Tuesday, reaching $169.57. The company's stock had a trading volume of 5,843,364 shares, compared to its average volume of 2,808,990. The company has a market cap of $25.76 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. Deckers Outdoor Co. has a one year low of $131.39 and a one year high of $223.98. The business's 50-day moving average is $204.88 and its 200-day moving average is $139.73.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, sell-side analysts predict that Deckers Outdoor Co. will post 5.92 EPS for the current fiscal year.

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.