Great Diamond Partners LLC Reduces Holdings in Deckers Outdoor Co. (NYSE:DECK)

Great Diamond Partners LLC lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,137 shares of the textile maker’s stock after selling 129 shares during the quarter. Great Diamond Partners LLC’s holdings in Deckers Outdoor were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Algert Global LLC raised its position in shares of Deckers Outdoor by 23.0% in the 2nd quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock worth $414,000 after acquiring an additional 80 shares in the last quarter. Creative Planning raised its holdings in Deckers Outdoor by 10.6% in the second quarter. Creative Planning now owns 5,079 shares of the textile maker’s stock worth $4,916,000 after purchasing an additional 488 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Deckers Outdoor by 2.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after buying an additional 23 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Deckers Outdoor by 20.6% during the 2nd quarter. Cetera Investment Advisers now owns 6,119 shares of the textile maker’s stock valued at $5,923,000 after buying an additional 1,044 shares in the last quarter. Finally, Clearbridge Investments LLC purchased a new stake in shares of Deckers Outdoor in the 2nd quarter worth about $1,381,000. 97.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Deckers Outdoor news, CFO Steven J. Fasching sold 8,802 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the sale, the chief financial officer now owns 153,036 shares in the company, valued at approximately $26,781,300. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the company’s 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 transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,758 shares of company stock valued at $13,506,861. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DECK. Jefferies Financial Group boosted their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday. BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Citigroup increased their target price on Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Bank of America lifted their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a report on Friday. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $177.85 on Friday. Deckers Outdoor Co. has a 52-week low of $125.15 and a 52-week high of $223.98. The stock has a market capitalization of $27.02 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.41 and a beta of 1.08. The stock’s 50-day simple moving average is $205.90 and its two-hundred day simple moving average is $136.11.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. As a group, equities analysts forecast that Deckers Outdoor Co. will post 5.62 earnings per share for the current fiscal 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.