Avestar Capital LLC Invests $204,000 in Deckers Outdoor Co. (NYSE:DECK)

Avestar Capital LLC acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,004 shares of the textile maker’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Solstein Capital LLC lifted its position in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after acquiring an additional 135 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor in the 4th quarter valued at $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. increased its position in Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after buying an additional 175 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Truist Financial reduced their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Stifel Nicolaus lifted their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $155.01 on Friday. The company’s 50 day moving average price is $199.09 and its two-hundred day moving average price is $146.64. The firm has a market capitalization of $23.53 billion, a P/E ratio of 25.13, a P/E/G ratio of 1.93 and a beta of 1.07. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Activity

In other news, insider Anne Spangenberg sold 3,882 shares of Deckers Outdoor stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total transaction of $723,721.26. Following the transaction, the insider now owns 67,434 shares in the company, valued at approximately $12,571,720.62. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value 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 $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,956 shares of company stock valued at $10,387,731. 0.40% of the stock is currently owned by corporate insiders.

About Deckers Outdoor

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.