Focus Partners Wealth Increases Holdings in Deckers Outdoor Co. (NYSE:DECK)

Focus Partners Wealth increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 66.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,393 shares of the textile maker's stock after purchasing an additional 2,543 shares during the quarter. Focus Partners Wealth's holdings in Deckers Outdoor were worth $1,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DECK. JPMorgan Chase & Co. raised its position in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Ritholtz Wealth Management grew its stake in Deckers Outdoor by 10.2% during the fourth quarter. Ritholtz Wealth Management now owns 2,928 shares of the textile maker's stock valued at $595,000 after acquiring an additional 270 shares in the last quarter. Empirical Asset Management LLC increased its holdings in Deckers Outdoor by 127.1% in the 4th quarter. Empirical Asset Management LLC now owns 11,475 shares of the textile maker's stock valued at $2,330,000 after acquiring an additional 6,423 shares during the last quarter. Avanza Fonder AB purchased a new stake in Deckers Outdoor in the 4th quarter worth $3,079,000. Finally, Merit Financial Group LLC bought a new position in shares of Deckers Outdoor during the 4th quarter valued at about $281,000. Institutional investors own 97.79% of the company's stock.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares of the company's stock, valued at $1,396,978.24. The trade was a 2.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Up 0.7%

DECK stock opened at $127.82 on Friday. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 1.68 and a beta of 1.11. The business's fifty day simple moving average is $114.19 and its two-hundred day simple moving average is $159.46.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays decreased their target price on Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Truist Financial lowered their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Piper Sandler lowered their price objective on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Needham & Company LLC restated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $162.16.

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.

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