Shira Ridge Wealth Management Grows Position in Deckers Outdoor Co. (NYSE:DECK)

Shira Ridge Wealth Management grew its position in Deckers Outdoor Co. (NYSE:DECK) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,262 shares of the textile maker’s stock after purchasing an additional 274 shares during the quarter. Shira Ridge Wealth Management’s holdings in Deckers Outdoor were worth $662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Sunbelt Securities Inc. increased its position in Deckers Outdoor by 7.5% in the second quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock worth $264,000 after purchasing an additional 19 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Deckers Outdoor by 5.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock valued at $393,000 after acquiring an additional 20 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Deckers Outdoor by 2.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock worth $889,000 after purchasing an additional 23 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Deckers Outdoor by 5.7% in the second quarter. Evergreen Capital Management LLC now owns 497 shares of the textile maker’s stock worth $481,000 after purchasing an additional 27 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in Deckers Outdoor by 2.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,663 shares of the textile maker’s stock valued at $1,609,000 after buying an additional 34 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DECK has been the topic of a number of research reports. BTIG Research lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. UBS Group increased their target price on shares of Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI increased their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Truist Financial raised their price objective on Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company raised their price target on Deckers Outdoor from $170.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $164.76.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,036 shares of company stock valued at $13,715,482 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Down 1.3 %

Shares of NYSE:DECK opened at $204.77 on Tuesday. The firm has a 50 day simple moving average of $196.15 and a 200-day simple moving average of $119.42. The company has a market capitalization of $31.11 billion, a PE ratio of 36.01, a P/E/G ratio of 2.90 and a beta of 1.08. Deckers Outdoor Co. has a twelve month low of $117.02 and a twelve month high of $214.70.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. As a group, equities research analysts predict that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Deckers Outdoor 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.