Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC trimmed its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 54.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,024 shares of the textile maker's stock after selling 3,681 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Deckers Outdoor were worth $614,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Resonant Capital Advisors LLC boosted its position in Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock valued at $489,000 after acquiring an additional 52 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Deckers Outdoor by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after buying an additional 54 shares during the period. Mather Group LLC. raised its stake in Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock worth $521,000 after buying an additional 64 shares during the period. Prosperity Wealth Management Inc. increased its holdings in shares of Deckers Outdoor by 2.8% during the fourth quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock valued at $564,000 after acquiring an additional 75 shares in the last quarter. Finally, WD Rutherford LLC lifted its holdings in shares of Deckers Outdoor by 4.8% in the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock worth $352,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were 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 of the company's stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Stock Performance

Deckers Outdoor stock traded up $1.40 during mid-day trading on Monday, reaching $118.34. 2,976,808 shares of the company were exchanged, compared to its average volume of 2,395,364. The firm has a market cap of $17.96 billion, a P/E ratio of 19.19, a PEG ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The business has a fifty day moving average of $115.99 and a 200 day moving average of $162.08.

Deckers Outdoor (NYSE:DECK - Get Free Report) 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%. Sell-side analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analyst Upgrades and Downgrades

DECK has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Deckers Outdoor from $210.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Evercore ISI increased their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Citigroup lowered their price target on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, Raymond James upgraded shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and reduced their target price for the stock from $235.00 to $150.00 in a research note on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.55.

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.