Vanguard Capital Wealth Advisors Boosts Holdings in Deckers Outdoor Co. (NYSE:DECK)

Vanguard Capital Wealth Advisors lifted its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 28.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 900 shares of the textile maker’s stock after purchasing an additional 200 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Deckers Outdoor were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DECK. Morgan Stanley lifted its position in shares of Deckers Outdoor by 82.6% in the third quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after acquiring an additional 527,546 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Deckers Outdoor during the 3rd quarter valued at about $72,727,000. International Assets Investment Management LLC purchased a new position in Deckers Outdoor in the 4th quarter worth approximately $73,722,000. AQR Capital Management LLC grew its position in shares of Deckers Outdoor by 99.7% in the third quarter. AQR Capital Management LLC now owns 107,782 shares of the textile maker’s stock valued at $55,410,000 after purchasing an additional 53,797 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Deckers Outdoor by 21,149.7% in the third quarter. Comerica Bank now owns 39,737 shares of the textile maker’s stock valued at $20,428,000 after purchasing an additional 39,550 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on DECK shares. TD Cowen upped their target price on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Evercore ISI assumed coverage on shares of Deckers Outdoor in a research note on Thursday, February 15th. They issued an “outperform” rating and a $960.00 price target for the company. Piper Sandler upped their price objective on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Barclays began coverage on Deckers Outdoor in a research report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 target price on the stock. Finally, Truist Financial reissued a “hold” rating and set a $864.00 price objective (down from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $889.00.

Deckers Outdoor Stock Down 1.7 %

Deckers Outdoor stock traded down $13.96 during mid-day trading on Tuesday, hitting $818.47. The company had a trading volume of 291,110 shares, compared to its average volume of 425,676. The business has a fifty day moving average of $881.65 and a 200 day moving average of $752.31. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17. The stock has a market cap of $21.01 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 1.48 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.40 by $3.71. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $10.48 earnings per share. Equities analysts anticipate that Deckers Outdoor Co. will post 26.89 earnings per share for the current year.

Insider Activity

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $862.53, for a total value of $5,169,142.29. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $84,715,971.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $862.53, for a total transaction of $5,169,142.29. Following the completion of the sale, the chief executive officer now owns 98,218 shares in the company, valued at $84,715,971.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Ogbechie sold 313 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,464 shares of company stock valued at $26,229,683. 0.70% of the stock is currently owned by company insiders.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.