PFG Advisors Takes Position in Deckers Outdoor Co. (NYSE:DECK)

PFG Advisors bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,743 shares of the textile maker’s stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DECK. Venturi Wealth Management LLC increased its position in Deckers Outdoor by 2,854.5% during the third quarter. Venturi Wealth Management LLC now owns 325 shares of the textile maker’s stock worth $52,000 after acquiring an additional 314 shares during the period. GSA Capital Partners LLP increased its position in Deckers Outdoor by 664.7% during the third quarter. GSA Capital Partners LLP now owns 6,156 shares of the textile maker’s stock worth $982,000 after acquiring an additional 5,351 shares during the period. Victory Capital Management Inc. increased its position in Deckers Outdoor by 317.6% during the third quarter. Victory Capital Management Inc. now owns 94,702 shares of the textile maker’s stock worth $15,100,000 after acquiring an additional 72,022 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Deckers Outdoor by 455.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 15,896 shares of the textile maker’s stock valued at $2,535,000 after buying an additional 13,035 shares during the period. Finally, Huntington National Bank increased its holdings in Deckers Outdoor by 774.4% in the 3rd quarter. Huntington National Bank now owns 717 shares of the textile maker’s stock valued at $114,000 after buying an additional 635 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 1.3 %

Deckers Outdoor stock opened at $118.55 on Friday. Deckers Outdoor Co. has a 1 year low of $115.06 and a 1 year high of $223.98. The company has a market cap of $17.99 billion, a PE ratio of 19.22, a PEG ratio of 1.68 and a beta of 1.10. The company’s 50-day moving average is $171.26 and its two-hundred day moving average is $162.15.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DECK shares. Stifel Nicolaus boosted their price target on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. KeyCorp boosted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Truist Financial lowered their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Nine 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 has an average rating of “Moderate Buy” and a consensus target price of $197.41.

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 Thursday, March 6th. The stock was 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 directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.