Deckers Outdoor Co. (NYSE:DECK) Shares Acquired by PFG Investments LLC

PFG Investments LLC boosted its position in Deckers Outdoor Co. (NYSE:DECK) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,920 shares of the textile maker’s stock after purchasing an additional 400 shares during the quarter. PFG Investments LLC’s holdings in Deckers Outdoor were worth $593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its position in shares of Deckers Outdoor by 7.5% during the second quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock worth $264,000 after buying an additional 19 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Deckers Outdoor by 2.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after acquiring an additional 23 shares in the last quarter. Algert Global LLC boosted its position in Deckers Outdoor by 23.0% during the 2nd quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock worth $414,000 after acquiring an additional 80 shares during the period. Atomi Financial Group Inc. grew its stake in shares of Deckers Outdoor by 6.5% in the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock worth $273,000 after purchasing an additional 82 shares in the last quarter. Finally, CX Institutional increased its holdings in shares of Deckers Outdoor by 4.3% during the fourth quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock valued at $522,000 after purchasing an additional 107 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Price Performance

NYSE DECK opened at $219.22 on Thursday. The firm has a market capitalization of $33.30 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08. The company has a 50 day simple moving average of $205.36 and a 200-day simple moving average of $134.43. Deckers Outdoor Co. has a 52-week low of $125.15 and a 52-week high of $222.05.

Insiders Place Their Bets

In other news, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,758 shares of company stock worth $13,506,861 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DECK. UBS Group raised their target price on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Piper Sandler set a $166.00 target price on Deckers Outdoor in a research report on Thursday, October 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Thursday, January 23rd. Finally, Truist Financial upped their price objective on Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $183.19.

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.