James Investment Research Inc. Sells 397 Shares of Deckers Outdoor Co. (NYSE:DECK)

James Investment Research Inc. reduced its holdings in Deckers Outdoor Co. (NYSE:DECK) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,475 shares of the textile maker’s stock after selling 397 shares during the period. Deckers Outdoor accounts for approximately 1.0% of James Investment Research Inc.’s portfolio, making the stock its 27th largest position. James Investment Research Inc.’s holdings in Deckers Outdoor were worth $8,220,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock valued at $91,965,000 after acquiring an additional 235,091 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in shares of Deckers Outdoor by 62.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock worth $1,407,000 after purchasing an additional 2,668 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the period. City Center Advisors LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at $575,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in Deckers Outdoor by 506.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock worth $1,060,000 after purchasing an additional 5,574 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DECK shares. UBS Group boosted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday, January 31st. TD Cowen upped their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America raised their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. KeyCorp lifted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Barclays increased their target price on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Transactions at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,956 shares of company stock worth $10,387,731 over the last 90 days. 0.40% of the stock is owned by insiders.

Deckers Outdoor Trading Down 2.0 %

DECK opened at $155.01 on Friday. Deckers Outdoor Co. has a 1-year low of $131.39 and a 1-year high of $223.98. The firm has a 50-day moving average price of $199.09 and a two-hundred day moving average price of $146.64. The stock has a market capitalization of $23.53 billion, a PE ratio of 25.13, a PEG ratio of 1.93 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, research analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

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.