D.A. Davidson & CO. Has $1.87 Million Position in Deckers Outdoor Co. (NYSE:DECK)

D.A. Davidson & CO. reduced its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 27.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,227 shares of the textile maker’s stock after selling 3,462 shares during the quarter. D.A. Davidson & CO.’s holdings in Deckers Outdoor were worth $1,874,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock valued at $91,965,000 after purchasing an additional 235,091 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in Deckers Outdoor by 62.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock valued at $1,407,000 after purchasing an additional 2,668 shares during the last quarter. Principal Financial Group Inc. boosted its position in Deckers Outdoor by 25.7% during the fourth quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker’s stock valued at $101,457,000 after purchasing an additional 102,134 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its position in Deckers Outdoor by 32.5% during the fourth quarter. Pittenger & Anderson Inc. now owns 12,217 shares of the textile maker’s stock valued at $2,481,000 after purchasing an additional 2,995 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. UBS Group raised their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, KeyCorp raised their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated 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 $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Trading Down 2.4 %

Shares of NYSE DECK opened at $146.48 on Friday. The business’s 50 day moving average is $193.91 and its 200-day moving average is $151.09. Deckers Outdoor Co. has a 1-year low of $131.39 and a 1-year high of $223.98. The firm has a market cap of $22.23 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

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.