Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by GDS Wealth Management

GDS Wealth Management increased its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 44.5% in the 4th quarter, Holdings Channel reports. The firm owned 20,616 shares of the textile maker’s stock after purchasing an additional 6,351 shares during the period. GDS Wealth Management’s holdings in Deckers Outdoor were worth $4,187,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DECK. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $31,000. Solstein Capital LLC raised its holdings in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of 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 buying an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity

In related news, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the sale, the director now owns 10,222 shares in the company, valued at $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,758 shares of company stock worth $13,506,861. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Stock Down 3.9 %

Shares of DECK stock opened at $170.42 on Tuesday. Deckers Outdoor Co. has a 52 week low of $131.39 and a 52 week high of $223.98. The stock has a market capitalization of $25.89 billion, a PE ratio of 27.63, a P/E/G ratio of 1.85 and a beta of 1.07. The firm has a 50 day moving average of $205.90 and a two-hundred day moving average of $137.68.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Analysts expect that Deckers Outdoor Co. will post 5.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DECK shares. Evercore ISI raised their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Truist Financial cut their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday. TD Cowen raised their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday. Finally, Barclays increased their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

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.