Alliance Wealth Advisors LLC UT Reduces Position in Deckers Outdoor Co. (NYSE:DECK)

Alliance Wealth Advisors LLC UT lessened its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 27.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 611 shares of the textile maker’s stock after selling 228 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Deckers Outdoor were worth $408,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DECK. Morgan Stanley lifted its stake in Deckers Outdoor by 82.6% during the 3rd 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 during the period. Artisan Partners Limited Partnership acquired a new stake in Deckers Outdoor during the 3rd quarter valued at approximately $72,727,000. International Assets Investment Management LLC acquired a new stake in Deckers Outdoor during the 4th quarter valued at approximately $73,722,000. AQR Capital Management LLC lifted its stake in Deckers Outdoor by 99.7% during the 3rd quarter. AQR Capital Management LLC now owns 107,782 shares of the textile maker’s stock valued at $55,410,000 after acquiring an additional 53,797 shares during the period. Finally, Comerica Bank lifted its stake in Deckers Outdoor by 21,149.7% during the 3rd quarter. Comerica Bank now owns 39,737 shares of the textile maker’s stock valued at $20,428,000 after acquiring an additional 39,550 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 3.3 %

Shares of Deckers Outdoor stock traded up $26.96 during trading hours on Friday, reaching $833.46. 268,823 shares of the company’s stock were exchanged, compared to its average volume of 377,053. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17. The company has a market capitalization of $21.39 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. The business has a fifty day moving average of $882.26 and a two-hundred day moving average of $748.27.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm earned $10.48 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Deckers Outdoor Co. will post 26.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DECK shares. Bank of America cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and decreased their target price for the company from $875.00 to $860.00 in a research note on Thursday. KeyCorp started coverage on shares of Deckers Outdoor in a research note on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 target price for the company. UBS Group boosted their target price on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Wedbush reiterated an “outperform” rating and issued a $1,000.00 target price on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $889.00.

Insider Activity at Deckers Outdoor

In related news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Deckers Outdoor news, CFO Steven J. Fasching sold 5,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the transaction, the chief financial officer now owns 29,291 shares of the company’s stock, valued at $24,733,320.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 approximately $3,399,311.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,464 shares of company stock valued at $26,229,683. 0.70% of the stock is owned by company insiders.

About Deckers Outdoor

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.