11,591 Shares in Deckers Outdoor Corporation $DECK Purchased by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC acquired a new position in Deckers Outdoor Corporation (NYSE:DECK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,591 shares of the textile maker’s stock, valued at approximately $906,000.

Several other large investors have also added to or reduced their stakes in DECK. Orion Capital Management LLC bought a new position in Deckers Outdoor in the second quarter valued at $30,000. Pension & Wealth Management Advisors Inc. acquired a new stake in Deckers Outdoor in the 3rd quarter valued at $31,000. Continuum Advisory LLC bought a new stake in Deckers Outdoor during the 2nd quarter worth about $38,000. Hilton Head Capital Partners LLC lifted its position in Deckers Outdoor by 29.8% during the 1st quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock worth $44,000 after buying an additional 101 shares in the last quarter. Finally, Toth Financial Advisory Corp lifted its position in Deckers Outdoor by 785.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 620 shares of the textile maker’s stock worth $48,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on DECK shares. Truist Financial reduced their price objective on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a research report on Thursday, October 15th. Stifel Nicolaus set a $133.00 target price on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. BMO Capital Markets initiated coverage on Deckers Outdoor in a report on Tuesday, September 8th. They set an “underperform” rating and a $70.00 target price on the stock. Finally, UBS Group reissued a “buy” rating and set a $140.00 price target on shares of Deckers Outdoor in a research report on Thursday, October 15th. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $111.84.

Deckers Outdoor Trading Down 2.3%

NYSE:DECK opened at $85.35 on Thursday. Deckers Outdoor Corporation has a 1-year low of $77.20 and a 1-year high of $122.29. The firm has a fifty day simple moving average of $83.83 and a 200 day simple moving average of $97.09. The stock has a market capitalization of $11.63 billion, a PE ratio of 12.11, a P/E/G ratio of 1.36 and a beta of 1.12.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts predict that Deckers Outdoor Corporation will post 7.50 earnings per share for the current fiscal year.

Deckers Outdoor Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.