Global Trust Asset Management LLC Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 155 shares of the textile maker’s stock, valued at approximately $31,000.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. increased its holdings in shares of Deckers Outdoor by 7.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 19 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Deckers Outdoor by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after purchasing an additional 23 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Deckers Outdoor by 5.7% in the second quarter. Evergreen Capital Management LLC now owns 497 shares of the textile maker’s stock worth $481,000 after purchasing an additional 27 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Deckers Outdoor by 2.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,663 shares of the textile maker’s stock valued at $1,609,000 after buying an additional 34 shares during the last quarter. Finally, Algert Global LLC boosted its holdings 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 valued at $414,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the firm’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 value of $2,973,845.16. Following 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 trade represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock valued at $13,715,482 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Evercore ISI increased their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Needham & Company LLC increased their price objective on Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a report on Monday, January 6th. Truist Financial boosted their target price on Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Piper Sandler set a $166.00 price target on Deckers Outdoor in a report on Thursday, October 17th. Finally, Robert W. Baird upped their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $165.06.

Deckers Outdoor Stock Performance

Shares of DECK opened at $215.04 on Thursday. The company has a market capitalization of $32.67 billion, a P/E ratio of 37.81, a P/E/G ratio of 2.91 and a beta of 1.08. The business’s 50-day moving average is $201.33 and its two-hundred day moving average is $127.75. Deckers Outdoor Co. has a fifty-two week low of $123.33 and a fifty-two week high of $218.39.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $1.14 earnings per share. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. Analysts forecast that Deckers Outdoor Co. will post 5.56 EPS for the current year.

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.