Inceptionr LLC grew its stake in shares of Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 71.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,530 shares of the textile maker’s stock after acquiring an additional 4,394 shares during the period. Inceptionr LLC’s holdings in Deckers Outdoor were worth $1,085,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Revolve Wealth Partners LLC purchased a new position in Deckers Outdoor in the 4th quarter valued at approximately $247,000. Private Advisor Group LLC grew its holdings in Deckers Outdoor by 6.3% in the first quarter. Private Advisor Group LLC now owns 6,425 shares of the textile maker’s stock valued at $718,000 after purchasing an additional 382 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of Deckers Outdoor by 34.4% in the first quarter. Avantax Advisory Services Inc. now owns 3,003 shares of the textile maker’s stock valued at $336,000 after buying an additional 768 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Deckers Outdoor by 6.1% in the first quarter. HB Wealth Management LLC now owns 7,388 shares of the textile maker’s stock valued at $826,000 after buying an additional 426 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Deckers Outdoor by 18.1% during the 1st quarter. LPL Financial LLC now owns 231,567 shares of the textile maker’s stock worth $25,891,000 after buying an additional 35,554 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.
Deckers Outdoor Stock Performance
Shares of DECK opened at $87.19 on Thursday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $223.98. The company’s 50 day simple moving average is $93.69 and its 200 day simple moving average is $104.01. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 3.79 and a beta of 1.10.
Analysts Set New Price Targets
A number of equities research analysts recently commented on DECK shares. The Goldman Sachs Group lowered their price objective on shares of Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a research note on Friday, October 24th. Sanford C. Bernstein started coverage on shares of Deckers Outdoor in a report on Thursday, September 18th. They issued an “underperform” rating and a $100.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research note on Wednesday, October 8th. Telsey Advisory Group cut their price objective on Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, October 24th. Finally, Stifel Nicolaus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Tuesday, November 18th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $117.58.
Check Out Our Latest Report on DECK
Insider Buying and Selling at Deckers Outdoor
In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. This represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela Ogbechie sold 1,460 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the transaction, the insider directly owned 34,020 shares in the company, valued at approximately $2,770,929. This represents a 4.11% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.40% of the company’s stock.
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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