Janney Montgomery Scott LLC Lowers Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Janney Montgomery Scott LLC reduced its stake in Deckers Outdoor Co. (NYSE:DECK) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,680 shares of the textile maker’s stock after selling 950 shares during the quarter. Janney Montgomery Scott LLC owned about 0.07% of Deckers Outdoor worth $22,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sunbelt Securities Inc. raised its position 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 worth $264,000 after purchasing an additional 19 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Deckers Outdoor by 2.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after acquiring an additional 23 shares in the last quarter. Algert Global LLC raised its holdings in Deckers Outdoor by 23.0% in the 2nd quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock worth $414,000 after acquiring an additional 80 shares during the last quarter. Atomi Financial Group Inc. lifted its position 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 valued at $273,000 after acquiring an additional 82 shares in the last quarter. Finally, Dorsey Wright & Associates boosted its stake in Deckers Outdoor by 0.9% during the 2nd quarter. Dorsey Wright & Associates now owns 10,954 shares of the textile maker’s stock valued at $10,603,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DECK. BTIG Research downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their price target on shares of Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Thursday. Citigroup raised their target price on shares of Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, TD Cowen boosted 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. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $182.20.

Insider Activity

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Friday, December 6th. The stock was 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 represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $216.90 on Friday. The firm has a market cap of $32.95 billion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 2.98 and a beta of 1.08. The firm has a fifty day moving average price of $203.00 and a 200 day moving average price of $129.71. Deckers Outdoor Co. has a fifty-two week low of $125.15 and a fifty-two week high of $218.92.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $1.14 earnings per share. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, research analysts predict that Deckers Outdoor Co. will post 5.56 earnings per share for the current 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.