B. Riley Wealth Advisors Inc. Purchases 5,574 Shares of Deckers Outdoor Co. (NYSE:DECK)

B. Riley Wealth Advisors Inc. grew its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 506.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,674 shares of the textile maker’s stock after purchasing an additional 5,574 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Deckers Outdoor were worth $1,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DECK. Raymond James & Associates lifted its holdings in Deckers Outdoor by 24.4% in the second quarter. Raymond James & Associates now owns 19,063 shares of the textile maker’s stock valued at $18,452,000 after buying an additional 3,741 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in Deckers Outdoor during the 2nd quarter valued at about $307,000. Private Advisory Group LLC lifted its stake in Deckers Outdoor by 118.0% during the 2nd quarter. Private Advisory Group LLC now owns 2,060 shares of the textile maker’s stock valued at $1,994,000 after acquiring an additional 1,115 shares in the last quarter. U S Global Investors Inc. boosted its holdings in Deckers Outdoor by 1.5% during the second quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock worth $963,000 after purchasing an additional 15 shares during the last quarter. Finally, TrueWealth Advisors LLC purchased a new stake in shares of Deckers Outdoor during the second quarter valued at approximately $232,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DECK shares. Robert W. Baird lifted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. UBS Group lifted their target price on shares of Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. KeyCorp upped their price target on shares of Deckers Outdoor from $190.00 to $213.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Truist Financial raised their price target on Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $158.59.

Insider Activity at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares in the company, valued at approximately $26,973,539.46. This trade represents a 5.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,234 shares of company stock valued at $15,248,513. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Stock Down 0.4 %

Shares of NYSE DECK opened at $210.38 on Wednesday. The firm’s 50-day moving average price is $177.93 and its 200-day moving average price is $94.34. The company has a market cap of $31.96 billion, a PE ratio of 36.97, a PEG ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a 52-week low of $108.65 and a 52-week high of $213.03.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 earnings per share. As a group, equities research analysts anticipate that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

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