Focus Partners Wealth Buys 2,543 Shares of Deckers Outdoor Co. (NYSE:DECK)

Focus Partners Wealth boosted its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 66.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,393 shares of the textile maker’s stock after purchasing an additional 2,543 shares during the quarter. Focus Partners Wealth’s holdings in Deckers Outdoor were worth $1,317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Deckers Outdoor by 10.2% during the 4th quarter. Ritholtz Wealth Management now owns 2,928 shares of the textile maker’s stock worth $595,000 after acquiring an additional 270 shares in the last quarter. Empirical Asset Management LLC raised its stake in shares of Deckers Outdoor by 127.1% during the 4th quarter. Empirical Asset Management LLC now owns 11,475 shares of the textile maker’s stock worth $2,330,000 after acquiring an additional 6,423 shares in the last quarter. Avanza Fonder AB purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $3,079,000. Finally, Merit Financial Group LLC purchased a new position in Deckers Outdoor in the fourth quarter worth $281,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $127.82 on Friday. The company has a market capitalization of $19.40 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm has a 50 day moving average price of $114.19 and a 200 day moving average price of $159.46.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DECK shares. Truist Financial decreased their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Jefferies Financial Group increased their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Bank of America boosted their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. UBS Group increased their price objective on shares of Deckers Outdoor from $150.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.16.

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.