Snowden Capital Advisors LLC Acquires 773 Shares of Deckers Outdoor Co. (NYSE:DECK)

Snowden Capital Advisors LLC grew its holdings in Deckers Outdoor Co. (NYSE:DECK) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,416 shares of the textile maker’s stock after purchasing an additional 773 shares during the period. Snowden Capital Advisors LLC’s holdings in Deckers Outdoor were worth $1,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Resonant Capital Advisors LLC increased its holdings 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 worth $489,000 after purchasing an additional 52 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Deckers Outdoor by 3.9% in the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after acquiring an additional 54 shares during the period. Mather Group LLC. increased its position in Deckers Outdoor by 2.6% during the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after acquiring an additional 64 shares during the last quarter. Prosperity Wealth Management Inc. lifted its holdings in Deckers Outdoor by 2.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock valued at $564,000 after acquiring an additional 75 shares during the period. Finally, WD Rutherford LLC boosted its position in Deckers Outdoor by 4.8% in the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock worth $352,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DECK. Raymond James raised Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and dropped their target price for the stock from $235.00 to $150.00 in a research report on Thursday, April 10th. Needham & Company LLC reissued a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research report on Friday. Wells Fargo & Company raised their target price on Deckers Outdoor from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 14th. Finally, Piper Sandler dropped their target price on Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $162.16.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Stock Up 0.7%

DECK stock opened at $127.82 on Monday. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The stock has a market cap of $19.40 billion, a P/E ratio of 20.72, a PEG ratio of 1.68 and a beta of 1.11. The business’s 50-day moving average price is $114.19 and its 200-day moving average price is $159.45.

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.