Private Wealth Advisors LLC Takes Position in Deckers Outdoor Corporation $DECK

Private Wealth Advisors LLC purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 4th quarter, Holdings Channel.com reports. The fund purchased 42,503 shares of the textile maker’s stock, valued at approximately $4,406,000. Deckers Outdoor makes up 1.4% of Private Wealth Advisors LLC’s portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its stake in shares of Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Deckers Outdoor in the 3rd quarter worth $30,000. Elyxium Wealth LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth $30,000. Rakuten Securities Inc. increased its stake in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Activest Wealth Management increased its stake in shares of Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DECK. Needham & Company LLC upped their price objective on Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Piper Sandler upgraded Deckers Outdoor from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $95.00 to $100.00 in a research note on Monday. Telsey Advisory Group restated a “market perform” rating and issued a $120.00 price objective (up from $105.00) on shares of Deckers Outdoor in a research note on Monday, January 26th. Stifel Nicolaus upped their price objective on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Truist Financial set a $132.00 price objective on Deckers Outdoor in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Hold” and a consensus target price of $122.42.

Deckers Outdoor Stock Up 4.0%

Shares of Deckers Outdoor stock opened at $98.05 on Thursday. The firm has a market cap of $13.92 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 2.03 and a beta of 1.14. The business has a 50-day moving average price of $102.17 and a 200-day moving average price of $101.46. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $127.95.

Deckers Outdoor Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.