Private Wealth Advisors LLC Invests $4.41 Million in Deckers Outdoor Corporation $DECK

Private Wealth Advisors LLC purchased a new position in Deckers Outdoor Corporation (NYSE:DECK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 42,503 shares of the textile maker’s stock, valued at approximately $4,406,000. Deckers Outdoor makes up about 1.4% of Private Wealth Advisors LLC’s investment portfolio, making the stock its 19th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Pinnacle Investment Management Ltd bought a new stake in shares of Deckers Outdoor in the 3rd quarter worth approximately $2,027,000. Allspring Global Investments Holdings LLC boosted its position in shares of Deckers Outdoor by 24.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after purchasing an additional 81,345 shares in the last quarter. Lombard Odier Asset Management USA Corp bought a new stake in shares of Deckers Outdoor in the 3rd quarter worth approximately $1,142,000. American Century Companies Inc. boosted its position in shares of Deckers Outdoor by 21.6% in the 3rd quarter. American Century Companies Inc. now owns 1,157,559 shares of the textile maker’s stock worth $117,342,000 after purchasing an additional 205,748 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Deckers Outdoor by 262.3% in the 3rd quarter. US Bancorp DE now owns 61,436 shares of the textile maker’s stock worth $6,228,000 after purchasing an additional 44,477 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Argus raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. KGI Securities raised Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective on the stock in a research report on Friday, January 30th. BTIG Research reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $122.42.

Deckers Outdoor Price Performance

NYSE DECK opened at $98.05 on Thursday. The business’s fifty day moving average price is $102.17 and its 200-day moving average price is $101.46. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 2.03 and a beta of 1.14. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $127.95.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well?known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct?to?consumer retail to serve both fashion?focused and performance?oriented customers.

Founded in 1973 by Doug Otto and Karl F.