Balentine LLC Purchases 51 Shares of Deckers Outdoor Co. (NYSE:DECK)

Balentine LLC boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 450 shares of the textile maker’s stock after acquiring an additional 51 shares during the quarter. Balentine LLC’s holdings in Deckers Outdoor were worth $301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC increased its stake in shares of Deckers Outdoor by 7.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock worth $119,000 after purchasing an additional 16 shares during the last quarter. Janiczek Wealth Management LLC raised its holdings in Deckers Outdoor by 20.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after buying an additional 16 shares in the last quarter. Chase Investment Counsel Corp lifted its position in shares of Deckers Outdoor by 0.3% in the third quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock worth $2,967,000 after buying an additional 19 shares during the last quarter. Flputnam Investment Management Co. boosted its stake in shares of Deckers Outdoor by 2.9% during the 3rd quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock worth $389,000 after acquiring an additional 21 shares in the last quarter. Finally, Alcosta Capital Management Inc. boosted its stake in shares of Deckers Outdoor by 0.4% during the 3rd quarter. Alcosta Capital Management Inc. now owns 5,624 shares of the textile maker’s stock worth $2,891,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DECK shares. Telsey Advisory Group boosted their target price on Deckers Outdoor from $930.00 to $985.00 and gave the stock an “outperform” rating in a report on Monday. Citigroup lifted their target price on shares of Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Truist Financial restated a “hold” rating and set a $864.00 price target (down from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. KeyCorp started coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price objective on the stock. Finally, Wedbush restated an “outperform” rating and set a $1,000.00 target price on shares of Deckers Outdoor in a research note on Monday, May 6th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $900.31.

Deckers Outdoor Stock Down 0.7 %

NYSE:DECK opened at $893.66 on Thursday. The firm has a market cap of $22.94 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.60 and a beta of 1.05. Deckers Outdoor Co. has a 12 month low of $424.36 and a 12 month high of $956.17. The company’s 50-day moving average price is $871.93 and its two-hundred day moving average price is $790.32.

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