Deckers Outdoor Co. (NYSE:DECK) Stock Holdings Decreased by GTS Securities LLC

GTS Securities LLC reduced its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 93.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,417 shares of the textile maker's stock after selling 33,814 shares during the period. GTS Securities LLC's holdings in Deckers Outdoor were worth $491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mpwm Advisory Solutions LLC purchased a new position in Deckers Outdoor during the 4th quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in Deckers Outdoor in the 4th quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after buying an additional 120 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in Deckers Outdoor during the fourth quarter worth $41,000. Finally, Itau Unibanco Holding S.A. increased its position in Deckers Outdoor by 352.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock worth $44,000 after buying an additional 169 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DECK. Bank of America reduced their price objective on Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. KeyCorp restated a "sector weight" rating and issued a $150.00 target price on shares of Deckers Outdoor in a report on Friday, May 23rd. Telsey Advisory Group downgraded shares of Deckers Outdoor from an "outperform" rating to a "market perform" rating in a report on Friday, May 23rd. Stifel Nicolaus cut their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, Robert W. Baird reduced their price objective on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Thirteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $134.68.

Deckers Outdoor Price Performance

DECK stock traded down $1.70 during midday trading on Friday, reaching $105.57. 4,277,530 shares of the company's stock traded hands, compared to its average volume of 2,557,908. The business has a 50-day moving average price of $113.41 and a two-hundred day moving average price of $156.26. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The company has a market capitalization of $16.02 billion, a P/E ratio of 17.11, a PEG ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.43. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. As a group, research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor declared that its Board of Directors has initiated a share buyback plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.40% of the company's stock.

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.