GeoWealth Management LLC Purchases 162 Shares of Deckers Outdoor Co. (NYSE:DECK)

GeoWealth Management LLC raised its holdings in Deckers Outdoor Co. (NYSE:DECK) by 8.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,010 shares of the textile maker’s stock after acquiring an additional 162 shares during the quarter. GeoWealth Management LLC’s holdings in Deckers Outdoor were worth $408,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DECK. Allspring Global Investments Holdings LLC boosted its holdings in Deckers Outdoor by 109.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock worth $91,965,000 after purchasing an additional 235,091 shares in the last quarter. Navellier & Associates Inc. increased its holdings in shares of Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock valued at $6,053,000 after acquiring an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Deckers Outdoor by 62.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock valued at $1,407,000 after acquiring an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Deckers Outdoor by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock worth $203,300,000 after purchasing an additional 32,318 shares during the period. Finally, Amundi grew its holdings in Deckers Outdoor by 11.0% during the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock valued at $225,855,000 after purchasing an additional 108,054 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating for the company in a report on Thursday, April 10th. Needham & Company LLC reiterated a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Evercore ISI raised their target price 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 price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, KeyCorp increased their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $187.89.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Down 1.9 %

Shares of DECK stock opened at $103.65 on Tuesday. The company has a market capitalization of $15.73 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The firm has a 50-day moving average price of $123.25 and a 200 day moving average price of $165.24.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share 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.