Gitterman Wealth Management LLC Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

Gitterman Wealth Management LLC bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,135 shares of the textile maker’s stock, valued at approximately $434,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC increased its holdings in Deckers Outdoor by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock worth $489,000 after purchasing an additional 52 shares in the last quarter. Bleakley Financial Group LLC increased its holdings 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 purchasing an additional 54 shares in the last quarter. Mather Group LLC. increased its holdings 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 purchasing an additional 64 shares in the last quarter. Prosperity Wealth Management Inc. increased its holdings in Deckers Outdoor by 2.8% during the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock worth $564,000 after purchasing an additional 75 shares in the last quarter. Finally, WD Rutherford LLC grew 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 valued at $352,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DECK shares. Wells Fargo & Company decreased their price objective 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. Jefferies Financial Group raised their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Evercore ISI raised their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Stock Up 1.3 %

Shares of DECK stock opened at $118.55 on Friday. Deckers Outdoor Co. has a 12-month low of $115.06 and a 12-month high of $223.98. The firm has a 50 day moving average price of $171.26 and a two-hundred day moving average price of $162.15. The company has a market capitalization of $17.99 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last released 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%. As a group, research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Activity

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor 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 transaction, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

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.