GDS Wealth Management Raises Position in Deckers Outdoor Co. (NYSE:DECK)

GDS Wealth Management boosted its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 44.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,616 shares of the textile maker's stock after purchasing an additional 6,351 shares during the quarter. GDS Wealth Management's holdings in Deckers Outdoor were worth $4,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Algert Global LLC grew its holdings in shares of Deckers Outdoor by 23.0% during the second quarter. Algert Global LLC now owns 428 shares of the textile maker's stock worth $414,000 after purchasing an additional 80 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Deckers Outdoor by 2.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker's stock worth $889,000 after buying an additional 23 shares in the last quarter. Cetera Investment Advisers grew its stake in Deckers Outdoor by 20.6% in the 2nd quarter. Cetera Investment Advisers now owns 6,119 shares of the textile maker's stock worth $5,923,000 after buying an additional 1,044 shares in the last quarter. AMF Tjanstepension AB raised its position in shares of Deckers Outdoor by 495.7% during the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker's stock valued at $151,924,000 after buying an additional 792,849 shares in the last quarter. Finally, Czech National Bank raised its position in shares of Deckers Outdoor by 535.0% during the 3rd quarter. Czech National Bank now owns 31,058 shares of the textile maker's stock valued at $4,952,000 after buying an additional 26,167 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DECK has been the subject of several research reports. Needham & Company LLC reiterated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a research report on Friday. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a report on Friday. Evercore ISI raised their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Wells Fargo & Company cut their target price on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday. Finally, Robert W. Baird lifted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Deckers Outdoor has an average rating of "Moderate Buy" and a consensus price target of $197.41.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Anne Spangenberg sold 3,882 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 67,434 shares of the company's stock, valued at approximately $12,571,720.62. This trade represents 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 this link. Also, CFO Steven J. Fasching sold 8,802 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the completion of the sale, the chief financial officer now directly owns 153,036 shares in the company, valued at approximately $26,781,300. This represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,758 shares of company stock valued at $13,506,861. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

Deckers Outdoor stock traded down $1.06 during mid-day trading on Tuesday, reaching $169.57. 5,843,364 shares of the company traded hands, compared to its average volume of 2,808,990. Deckers Outdoor Co. has a 52-week low of $131.39 and a 52-week high of $223.98. The firm has a market capitalization of $25.76 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 1.85 and a beta of 1.07. The firm's 50 day moving average price is $205.90 and its 200 day moving average price is $137.68.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.92 EPS for the current year.

Deckers Outdoor Profile

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.