Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 109,680 shares of the textile maker’s stock after selling 950 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Deckers Outdoor were worth $22,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DECK. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter worth $31,000. Nisa Investment Advisors LLC increased its position in shares of Deckers Outdoor by 1.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 71,656 shares of the textile maker’s stock valued at $14,553,000 after acquiring an additional 1,046 shares during the period. Atomi Financial Group Inc. raised its stake in Deckers Outdoor by 6.5% in the 4th quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock worth $273,000 after acquiring an additional 82 shares during the last quarter. Capricorn Fund Managers Ltd purchased a new stake in Deckers Outdoor during the 4th quarter valued at about $8,230,000. Finally, Chesley Taft & Associates LLC grew its stake in Deckers Outdoor by 7.0% during the 4th quarter. Chesley Taft & Associates LLC now owns 20,590 shares of the textile maker’s stock valued at $4,182,000 after purchasing an additional 1,350 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Barclays raised their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Guggenheim initiated coverage on shares of Deckers Outdoor in a report on Wednesday, October 9th. They issued a “neutral” rating on the stock. Finally, TD Cowen increased their price target on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.20.

Deckers Outdoor Stock Down 0.8 %

DECK opened at $216.90 on Friday. The company has a market cap of $32.95 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.98 and a beta of 1.08. The firm’s fifty day simple moving average is $203.00 and its two-hundred day simple moving average is $129.71. Deckers Outdoor Co. has a 52-week low of $125.15 and a 52-week high of $218.92.

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

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were 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 in the company, valued at $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. Over the last three months, insiders have sold 75,036 shares of company stock valued at $13,715,482. Corporate insiders own 0.40% of the company’s stock.

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.