Nwam LLC Invests $237,000 in Deckers Outdoor Co. (NYSE:DECK)

Nwam LLC bought a new stake in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,167 shares of the textile maker’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Resonant Capital Advisors LLC boosted its stake in shares of Deckers Outdoor by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after purchasing an additional 52 shares during the last quarter. Bleakley Financial Group LLC boosted its position in Deckers Outdoor by 3.9% during the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. grew its holdings in Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after acquiring an additional 64 shares during the period. WD Rutherford LLC raised its position in shares of Deckers Outdoor by 4.8% in the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock worth $352,000 after acquiring an additional 79 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in shares of Deckers Outdoor by 6.5% in the 4th quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $139.29 on Friday. The company has a fifty day moving average price of $187.25 and a 200-day moving average price of $154.26. Deckers Outdoor Co. has a 1 year low of $131.39 and a 1 year high of $223.98. The firm has a market cap of $21.14 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data 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 net margin of 19.14% and a return on equity of 41.71%. On average, research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on DECK. Jefferies Financial Group raised their target price on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research note on Friday, February 7th. KeyCorp lifted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Truist Financial dropped their price objective 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. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the transaction, the director now owns 10,222 shares in the company, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

About Deckers Outdoor

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.