Congress Asset Management Co. Sells 8,187 Shares of Deckers Outdoor Corporation $DECK

Congress Asset Management Co. cut its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 40.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,858 shares of the textile maker’s stock after selling 8,187 shares during the quarter. Congress Asset Management Co.’s holdings in Deckers Outdoor were worth $1,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DECK. Pinnacle Investment Management Ltd bought a new stake in shares of Deckers Outdoor during the third quarter valued at approximately $2,027,000. Allspring Global Investments Holdings LLC lifted its position in Deckers Outdoor by 171.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock worth $33,020,000 after purchasing an additional 205,975 shares during the period. Assenagon Asset Management S.A. boosted its stake in Deckers Outdoor by 208.4% during the third quarter. Assenagon Asset Management S.A. now owns 178,664 shares of the textile maker’s stock worth $18,111,000 after buying an additional 120,735 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Deckers Outdoor during the second quarter worth $456,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Deckers Outdoor by 46.2% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker’s stock valued at $6,062,000 after buying an additional 18,900 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $100.00 on Thursday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $133.43. The business has a fifty day moving average of $108.59 and a two-hundred day moving average of $101.98. The stock has a market cap of $14.20 billion, a PE ratio of 14.12, a PEG ratio of 2.31 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.00 EPS. Analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the transaction, the insider owned 80,449 shares in the company, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the transaction, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. The trade was a 15.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,092 shares of company stock worth $1,048,552 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective for the company in a research note on Friday, January 30th. Robert W. Baird lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Wells Fargo & Company set a $110.00 target price on shares of Deckers Outdoor and gave the company an “equal weight” rating in a research note on Friday, January 30th. UBS Group reissued a “buy” rating and issued a $161.00 price target (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $120.00 price objective (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.