Kingsview Wealth Management LLC Grows Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Kingsview Wealth Management LLC increased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,826 shares of the textile maker’s stock after buying an additional 300 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Deckers Outdoor were worth $1,183,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DECK. AMF Tjanstepension AB increased its holdings in Deckers Outdoor by 495.7% in the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock valued at $151,924,000 after purchasing an additional 792,849 shares during the last quarter. CWM LLC increased its holdings in Deckers Outdoor by 491.7% in the 3rd quarter. CWM LLC now owns 8,615 shares of the textile maker’s stock valued at $1,374,000 after purchasing an additional 7,159 shares during the last quarter. Ritholtz Wealth Management increased its holdings in Deckers Outdoor by 566.2% in the 3rd quarter. Ritholtz Wealth Management now owns 2,658 shares of the textile maker’s stock valued at $424,000 after purchasing an additional 2,259 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Deckers Outdoor by 374.9% in the third quarter. Exchange Traded Concepts LLC now owns 4,929 shares of the textile maker’s stock worth $786,000 after acquiring an additional 3,891 shares in the last quarter. Finally, Empirical Asset Management LLC acquired a new position in shares of Deckers Outdoor in the third quarter worth $806,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $157.81 on Wednesday. The company has a 50-day simple moving average of $202.74 and a 200-day simple moving average of $143.80. Deckers Outdoor Co. has a one year low of $131.39 and a one year high of $223.98. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.93 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 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%. As a group, research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the transaction, the chief executive officer now directly owns 273,540 shares in the company, valued at approximately $48,069,184.20. This represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the transaction, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,956 shares of company stock worth $10,387,731 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Evercore ISI boosted their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. TD Cowen boosted their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research note on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $197.41.

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.