GPS Wealth Strategies Group LLC Sells 600 Shares of Deckers Outdoor Co. (NYSE:DECK)

GPS Wealth Strategies Group LLC lessened its holdings in Deckers Outdoor Co. (NYSE:DECK) by 45.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 718 shares of the textile maker’s stock after selling 600 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Deckers Outdoor were worth $146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth about $31,000. Solstein Capital LLC grew its holdings in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Deckers Outdoor by 521.4% in 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. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of 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 worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. grew its holdings in shares of Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DECK shares. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Friday. Jefferies Financial Group upped their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. TD Cowen upped their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Buying and Selling

In related news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. The trade was 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 sold 73,758 shares of company stock valued at $13,506,861. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $170.42 on Tuesday. The company has a market capitalization of $25.89 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.85 and a beta of 1.07. The firm’s 50 day simple moving average is $205.90 and its 200 day simple moving average is $137.68. 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 announced its quarterly earnings results 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%. Equities research analysts expect that Deckers Outdoor Co. will post 5.92 earnings per share for the current year.

Deckers Outdoor Company 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.