Stratos Wealth Advisors Invests $2.16 Million in Deckers Outdoor

Stratos Wealth Advisors LLC has made a significant investment in Deckers Outdoor Corporation, acquiring a stake valued at approximately $2.16 million. The institutional investor purchased 20,989 shares of the company during the second quarter of 2023, according to a report from Holdings Channel. This acquisition reflects growing interest in Deckers Outdoor, which designs and markets footwear and apparel.

The recent transaction is part of a larger trend among institutional investors adjusting their holdings in Deckers Outdoor. For instance, Marks Group Wealth Management Inc increased its stake by 15.4% in the first quarter, now holding 62,902 shares valued at around $7.03 million after acquiring an additional 8,410 shares. Similarly, Cambridge Investment Research Advisors Inc. raised its ownership by 17.9%, bringing its total to 17,864 shares valued at approximately $1.997 million.

Charles Schwab Investment Management Inc. and Principal Financial Group Inc. also boosted their positions. Charles Schwab now owns 1,040,244 shares worth $116.31 million, while Principal Financial Group has acquired 587,747 shares valued at around $65.72 million. In a remarkable move, Jump Financial LLC increased its stake by an astonishing 5,481.7%, now holding 156,568 shares valued at $17.51 million. Collectively, institutional investors control 97.79% of Deckers Outdoor’s stock.

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock on September 8, 2023, at an average price of $118.02, yielding a total of $35,406. Following this transaction, Ibrahim retains 10,979 shares, which are valued at about $1.29 million, marking a 2.66% reduction in their holdings. This transaction was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).

Investors are keeping a close eye on Deckers Outdoor’s stock performance. The stock opened at $99.89 on Friday, marking a 0.8% increase. Its fifty-day moving average stands at $109.12, while the two-hundred day moving average is $108.81. Deckers Outdoor boasts a market capitalization of approximately $14.82 billion, a price-to-earnings ratio of 15.32, and a beta of 1.05. The company has experienced a 52-week low of $93.72 and a high of $223.98.

Deckers Outdoor’s latest quarterly earnings report, released on July 24, 2023, revealed earnings per share (EPS) of $0.93, surpassing analysts’ expectations of $0.68 by $0.25. The company reported revenues of $964.54 million, exceeding the consensus estimate of $901.45 million. The firm has achieved a return on equity of 40.49% and a net margin of 19.42%, reflecting a robust 16.9% year-over-year revenue growth. For the upcoming second quarter of 2026, Deckers Outdoor has set guidance for an EPS range of $1.500 to $1.550.

Deckers Outdoor Corporation, headquartered in the United States, designs, markets, and distributes a range of footwear, apparel, and accessories suited for casual lifestyles and high-performance activities. Notable brands under its umbrella include UGG, HOKA, and Teva. As institutional interest continues to rise, Deckers Outdoor remains a focal point for investors seeking growth in the apparel and footwear sector.