United Asset Strategies Inc. Has $226,000 Stake in Deckers Outdoor Co. (NYSE:DECK)

United Asset Strategies Inc. decreased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 88.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 338 shares of the textile maker’s stock after selling 2,669 shares during the quarter. United Asset Strategies Inc.’s holdings in Deckers Outdoor were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DECK. Morgan Stanley boosted its holdings in shares of 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 in the last quarter. Norges Bank acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at $94,813,000. Alliancebernstein L.P. boosted its holdings in shares of Deckers Outdoor by 205.2% during the 2nd quarter. Alliancebernstein L.P. now owns 255,823 shares of the textile maker’s stock valued at $134,988,000 after acquiring an additional 171,999 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Deckers Outdoor by 83.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 362,863 shares of the textile maker’s stock valued at $92,657,000 after acquiring an additional 164,730 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Deckers Outdoor during the 3rd quarter valued at $72,727,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction dated 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 transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $80,942,435.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $80,942,435.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bonita C. Stewart sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total value of $3,048,885.00. Following the completion of the transaction, the director now owns 8,863 shares in the company, valued at approximately $7,720,647.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,464 shares of company stock worth $26,229,683. Insiders own 0.70% of the company’s stock.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $818.38 on Thursday. The firm has a market capitalization of $21.01 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.44 and a beta of 1.01. Deckers Outdoor Co. has a one year low of $424.36 and a one year high of $956.17. The business has a 50-day simple moving average of $886.18 and a 200 day simple moving average of $732.82.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.48 EPS. On average, sell-side analysts expect that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Analysts Set New Price Targets

DECK has been the subject of several analyst reports. Wells Fargo & Company raised their target price on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $930.00 target price on shares of Deckers Outdoor in a research report on Thursday, February 15th. Stifel Nicolaus raised their target price on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Piper Sandler raised their target price on Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Evercore ISI initiated coverage on Deckers Outdoor in a research report on Thursday, February 15th. They set an “outperform” rating and a $960.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $870.93.

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.