Greykasell Wealth Strategies Inc. Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Greykasell Wealth Strategies Inc. purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,173 shares of the textile maker’s stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DECK. Allspring Global Investments Holdings LLC increased its holdings in shares of Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock worth $91,965,000 after purchasing an additional 235,091 shares during the period. Navellier & Associates Inc. increased its stake in Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock worth $6,053,000 after acquiring an additional 1,791 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of Deckers Outdoor by 62.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock valued at $1,407,000 after acquiring an additional 2,668 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Deckers Outdoor by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock worth $203,300,000 after purchasing an additional 32,318 shares in the last quarter. Finally, Amundi increased its position in shares of Deckers Outdoor by 11.0% in the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock worth $225,855,000 after purchasing an additional 108,054 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 1.3 %

Shares of DECK opened at $118.55 on Friday. The stock’s 50-day moving average price is $171.26 and its two-hundred day moving average price is $162.15. Deckers Outdoor Co. has a 12 month low of $115.06 and a 12 month high of $223.98. The company has a market capitalization of $17.99 billion, a PE ratio of 19.22, a PEG ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating 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%. Equities research analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DECK shares. UBS Group upped their price objective on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating 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 target on the stock in a research report on Friday, February 7th. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Truist Financial decreased their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Stifel Nicolaus upped their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Transactions at Deckers Outdoor

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