Deckers Outdoor Co. (NYSE:DECK) Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 16.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 393 shares of the textile maker’s stock after purchasing an additional 56 shares during the period. HB Wealth Management LLC’s holdings in Deckers Outdoor were worth $370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Contravisory Investment Management Inc. acquired a new stake in shares of Deckers Outdoor during the first quarter valued at approximately $36,000. FinTrust Capital Advisors LLC increased its stake in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after purchasing an additional 35 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth $33,000. FSC Wealth Advisors LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth $39,000. Finally, Rise Advisors LLC acquired a new position in shares of Deckers Outdoor during the 1st quarter worth $61,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Barclays dropped their price objective on shares of Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. Wells Fargo & Company increased their target price on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. Robert W. Baird increased their target price on shares of Deckers Outdoor from $975.00 to $1,050.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Finally, Evercore ISI increased their target price on shares of Deckers Outdoor from $960.00 to $1,110.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,023.44.

Insider Activity

In other news, CEO David Powers sold 10,955 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the sale, the chief executive officer now directly owns 76,006 shares in the company, valued at $82,580,519. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO David Powers sold 10,955 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the transaction, the chief executive officer now directly owns 76,006 shares in the company, valued at $82,580,519. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas Garcia sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the transaction, the insider now owns 11,654 shares in the company, valued at $12,526,418.44. The disclosure for this sale can be found here. Insiders have sold 28,101 shares of company stock worth $28,858,562 over the last ninety days. Insiders own 0.70% of the company’s stock.

Deckers Outdoor Stock Up 0.1 %

Deckers Outdoor stock traded up $0.78 during midday trading on Friday, hitting $936.47. 84,671 shares of the stock were exchanged, compared to its average volume of 395,903. The company has a fifty day simple moving average of $958.25 and a two-hundred day simple moving average of $866.71. Deckers Outdoor Co. has a 52 week low of $484.02 and a 52 week high of $1,106.89. The stock has a market capitalization of $23.82 billion, a PE ratio of 31.86, a P/E/G ratio of 3.13 and a beta of 1.06.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The firm had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. During the same quarter in the previous year, the firm posted $3.46 earnings per share. The business’s revenue was up 21.2% on a year-over-year basis. As a group, equities research analysts anticipate that Deckers Outdoor Co. will post 30.59 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.