Monte Financial Group LLC Has $1.30 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Monte Financial Group LLC cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,415 shares of the textile maker’s stock after selling 173 shares during the quarter. Monte Financial Group LLC’s holdings in Deckers Outdoor were worth $1,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. ProShare Advisors LLC increased its stake in Deckers Outdoor by 7.9% in the 2nd quarter. ProShare Advisors LLC now owns 3,510 shares of the textile maker’s stock valued at $3,398,000 after buying an additional 257 shares during the period. Public Sector Pension Investment Board boosted its position in Deckers Outdoor by 68.1% during the second quarter. Public Sector Pension Investment Board now owns 948 shares of the textile maker’s stock valued at $918,000 after purchasing an additional 384 shares during the last quarter. Bank of Montreal Can increased its position in Deckers Outdoor by 16.9% in the 2nd quarter. Bank of Montreal Can now owns 27,983 shares of the textile maker’s stock worth $27,619,000 after purchasing an additional 4,054 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Deckers Outdoor by 60.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,916 shares of the textile maker’s stock valued at $4,758,000 after buying an additional 1,843 shares during the last quarter. Finally, Caxton Associates LP grew its stake in shares of Deckers Outdoor by 104.8% in the 2nd quarter. Caxton Associates LP now owns 1,204 shares of the textile maker’s stock valued at $1,165,000 after buying an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DECK. Guggenheim assumed coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. 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. KeyCorp increased their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday. Stifel Nicolaus raised their target price on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company upped their price target on Deckers Outdoor from $170.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.20.

Insider Transactions at Deckers Outdoor

In related news, insider Thomas Garcia sold 18,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the transaction, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela Ogbechie sold 1,278 shares of the business’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 sale, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,036 shares of company stock worth $13,715,482. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Down 0.8 %

Shares of Deckers Outdoor stock opened at $216.90 on Friday. The company has a 50-day simple moving average of $203.00 and a two-hundred day simple moving average of $129.71. Deckers Outdoor Co. has a twelve month low of $125.15 and a twelve month high of $218.92. The stock has a market capitalization of $32.95 billion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. Deckers Outdoor’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 earnings per share. On average, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.56 earnings per share 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.