Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Congress Park Capital LLC

Congress Park Capital LLC lowered its holdings in Deckers Outdoor Co. (NYSE:DECK) by 1.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,494 shares of the textile maker’s stock after selling 124 shares during the quarter. Congress Park Capital LLC’s holdings in Deckers Outdoor were worth $1,319,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Deckers Outdoor by 929.0% during the 3rd 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 in the last quarter. City Center Advisors LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth $575,000. B. Riley Wealth Advisors Inc. grew its holdings 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 valued at $1,060,000 after purchasing an additional 5,574 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after buying an additional 332,590 shares in the last quarter. Finally, Cadent Capital Advisors LLC raised its stake in shares of Deckers Outdoor by 116.8% during the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock worth $1,316,000 after buying an additional 3,491 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Up 2.3 %

Shares of NYSE DECK opened at $208.44 on Friday. The stock has a market capitalization of $31.67 billion, a PE ratio of 36.65, a P/E/G ratio of 2.89 and a beta of 1.08. The firm has a fifty day moving average of $198.51 and a 200-day moving average of $121.87. Deckers Outdoor Co. has a 52-week low of $118.85 and a 52-week high of $214.70.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 41.48% and a net margin of 18.95%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. Equities research analysts expect that Deckers Outdoor Co. will post 5.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Caroti Stefano sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the completion of the sale, the chief executive officer now owns 273,540 shares of the company’s stock, valued at approximately $48,069,184.20. This trade represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock worth $13,715,482 in the last quarter. 0.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DECK. UBS Group increased their price objective on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Truist Financial raised their price objective on shares of Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday. Guggenheim started coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating on the stock. Stifel Nicolaus increased 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, KeyCorp boosted their price target on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $165.06.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.