Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Congress Asset Management Co. MA

Congress Asset Management Co. MA lowered its stake in Deckers Outdoor Co. (NYSE:DECK) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,808 shares of the textile maker’s stock after selling 77,533 shares during the quarter. Deckers Outdoor comprises about 1.1% of Congress Asset Management Co. MA’s portfolio, making the stock its 21st biggest holding. Congress Asset Management Co. MA’s holdings in Deckers Outdoor were worth $138,237,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC raised its stake in shares of Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after buying an additional 35 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Deckers Outdoor in the fourth quarter worth about $33,000. FSC Wealth Advisors LLC bought a new stake in Deckers Outdoor during the fourth quarter worth approximately $39,000. JFS Wealth Advisors LLC grew its holdings in shares of Deckers Outdoor by 265.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 84 shares of the textile maker’s stock worth $56,000 after acquiring an additional 61 shares during the last quarter. Finally, Janiczek Wealth Management LLC raised its position in shares of Deckers Outdoor by 20.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after purchasing an additional 16 shares during the period. Institutional investors own 97.79% of the company’s stock.

Insider Activity

In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the completion of the sale, the chief executive officer now owns 76,006 shares of the company’s stock, valued at $82,580,519. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO David Powers sold 10,955 shares of Deckers Outdoor stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the transaction, the chief executive officer now directly owns 76,006 shares in the company, valued at $82,580,519. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Caroti Stefano sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the sale, the insider now owns 39,926 shares of the company’s stock, valued at approximately $43,109,699.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,101 shares of company stock worth $28,858,562. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DECK. Wells Fargo & Company lifted their price target on Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th. KeyCorp lifted their target price on shares of Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. Evercore ISI upped their price target on shares of Deckers Outdoor from $960.00 to $1,110.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Citigroup lifted their price objective on shares of Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Finally, Stifel Nicolaus increased their target price on Deckers Outdoor from $775.00 to $825.00 and gave the company a “hold” rating in a report on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,018.44.

Deckers Outdoor Stock Down 0.6 %

Shares of DECK traded down $6.41 during midday trading on Friday, reaching $1,023.75. 201,367 shares of the stock were exchanged, compared to its average volume of 366,995. The company has a market cap of $26.04 billion, a price-to-earnings ratio of 34.95, a P/E/G ratio of 3.44 and a beta of 1.11. Deckers Outdoor Co. has a 12-month low of $484.02 and a 12-month high of $1,106.89. The firm has a 50 day simple moving average of $916.09 and a 200-day simple moving average of $840.04.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, beating the consensus estimate of $2.82 by $2.13. The firm had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.46 earnings per share. Research analysts expect that Deckers Outdoor Co. will post 30.59 earnings per share for the current fiscal 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.