Fort Washington Investment Advisors Inc. OH Reduces Holdings in Deckers Outdoor Co. (NYSE:DECK)

Fort Washington Investment Advisors Inc. OH decreased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 5.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,340 shares of the textile maker’s stock after selling 80 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Deckers Outdoor were worth $272,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake 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 worth $206,790,000 after acquiring an additional 1,170,855 shares during the last quarter. City Center Advisors LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $575,000. B. Riley Wealth Advisors Inc. grew its stake in shares of Deckers Outdoor by 506.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock worth $1,060,000 after acquiring an additional 5,574 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Deckers Outdoor by 512.9% during the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock worth $63,371,000 after acquiring an additional 332,590 shares during the last quarter. Finally, Cadent Capital Advisors LLC grew its stake in shares of Deckers Outdoor by 116.8% during the fourth quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock worth $1,316,000 after acquiring an additional 3,491 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling

In other news, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven J. Fasching sold 8,802 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the sale, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at $26,781,300. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,036 shares of company stock valued at $13,715,482. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America increased their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday. Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a report on Friday, October 25th. BTIG Research lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a research note on Thursday, October 17th. Finally, TD Cowen upped their target price on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $182.20.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $218.70 on Friday. The firm has a market cap of $33.23 billion, a PE ratio of 38.46, a PEG ratio of 2.96 and a beta of 1.08. The firm has a fifty day moving average of $201.33 and a 200 day moving average of $127.75. Deckers Outdoor Co. has a one year low of $123.33 and a one year high of $218.92.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. On average, equities analysts predict that Deckers Outdoor Co. will post 5.56 EPS for the current fiscal year.

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.