Ritholtz Wealth Management Boosts Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Ritholtz Wealth Management boosted its stake in Deckers Outdoor Co. (NYSE:DECK) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,928 shares of the textile maker’s stock after purchasing an additional 270 shares during the quarter. Ritholtz Wealth Management’s holdings in Deckers Outdoor were worth $595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Federated Hermes Inc. grew its holdings in Deckers Outdoor by 126.5% during the 2nd quarter. Federated Hermes Inc. now owns 231 shares of the textile maker’s stock valued at $224,000 after buying an additional 129 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Deckers Outdoor in the second quarter worth $327,000. Mercer Global Advisors Inc. ADV raised its stake in Deckers Outdoor by 2.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,663 shares of the textile maker’s stock valued at $1,609,000 after purchasing an additional 34 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Deckers Outdoor by 19.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,023 shares of the textile maker’s stock worth $990,000 after buying an additional 165 shares in the last quarter. Finally, Bridges Investment Management Inc. bought a new stake in shares of Deckers Outdoor in the 2nd quarter worth about $252,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $210.15 on Tuesday. The stock’s 50-day moving average is $199.86 and its 200 day moving average is $125.81. Deckers Outdoor Co. has a 1-year low of $120.23 and a 1-year high of $214.70. The company has a market cap of $31.93 billion, a P/E ratio of 36.96, a PEG ratio of 2.89 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $1.14 EPS. The company’s revenue was up 20.1% compared to the same quarter last year. On average, analysts anticipate that Deckers Outdoor Co. will post 5.53 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. BTIG Research downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. 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 research report on Friday, January 10th. Barclays boosted their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Truist Financial increased their price target on Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.06.

Insider Activity

In other news, insider Angela Ogbechie sold 1,278 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,036 shares of company stock worth $13,715,482. Insiders own 0.40% of the company’s stock.

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.