Revolve Wealth Partners LLC Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

Revolve Wealth Partners LLC bought a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,214 shares of the textile maker’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. raised its stake in Deckers Outdoor by 7.5% during the second quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after buying an additional 19 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Deckers Outdoor by 2.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after acquiring an additional 23 shares in the last quarter. Algert Global LLC lifted its stake in Deckers Outdoor by 23.0% during the second quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock worth $414,000 after purchasing an additional 80 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in Deckers Outdoor by 6.5% in the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock worth $273,000 after purchasing an additional 82 shares during the period. Finally, CX Institutional increased its stake in Deckers Outdoor by 4.3% during the fourth quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock valued at $522,000 after purchasing an additional 107 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of DECK opened at $215.88 on Wednesday. Deckers Outdoor Co. has a 12-month low of $125.15 and a 12-month high of $218.92. The stock has a market capitalization of $32.80 billion, a P/E ratio of 37.96, a P/E/G ratio of 2.98 and a beta of 1.08. The firm’s 50 day moving average is $204.50 and its 200-day moving average is $133.84.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,036 shares of company stock valued at $13,715,482. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday. Wells Fargo & Company lifted their price objective on shares of Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Thursday, January 23rd. Stifel Nicolaus boosted their price objective on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, KeyCorp raised their target price on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.19.

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.