Alliance Wealth Advisors LLC UT Sells 661 Shares of Deckers Outdoor Co. (NYSE:DECK)

Alliance Wealth Advisors LLC UT lowered its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 25.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,975 shares of the textile maker’s stock after selling 661 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Deckers Outdoor were worth $401,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Solstein Capital LLC lifted 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 during the period. Bell Investment Advisors Inc raised its holdings in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the period. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after buying an additional 200 shares during the period. Finally, Rakuten Securities Inc. increased its position in Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

DECK opened at $169.57 on Wednesday. The firm has a market cap of $25.76 billion, a P/E ratio of 27.49, a PEG ratio of 1.85 and a beta of 1.07. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The firm has a 50-day moving average of $204.88 and a 200 day moving average of $139.73.

Deckers Outdoor (NYSE:DECK) last issued 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 net margin of 19.14% and a return on equity of 41.71%. Equities research analysts predict that Deckers Outdoor Co. will post 5.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Anne Spangenberg sold 3,882 shares of Deckers Outdoor stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the transaction, the insider now directly owns 67,434 shares in the company, valued at approximately $12,571,720.62. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bonita C. Stewart sold 9,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $175.42, for a total value of $1,578,780.00. Following the sale, the director now owns 44,988 shares in the company, valued at approximately $7,891,794.96. This represents a 16.67 % 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 worth $13,506,861 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. TD Cowen lifted their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI boosted their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. BTIG Research lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

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.