Monte Financial Group LLC Lowers Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Monte Financial Group LLC trimmed its position in Deckers Outdoor Co. (NYSE:DECK) by 2.6% in the fourth quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DECK. Solstein Capital LLC increased its position in shares of Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Bell Investment Advisors Inc grew its stake in Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the period. Global Trust Asset Management LLC bought a new position in Deckers Outdoor in the 4th quarter valued at $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the period. Finally, Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

NYSE DECK opened at $216.90 on Friday. The stock has a market cap of $32.95 billion, a P/E ratio of 38.14, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08. Deckers Outdoor Co. has a fifty-two week low of $125.15 and a fifty-two week high of $218.92. The stock has a 50 day simple moving average of $203.00 and a two-hundred day simple moving average of $129.71.

Deckers Outdoor (NYSE:DECK) last announced its quarterly 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. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. Sell-side analysts predict that Deckers Outdoor Co. will post 5.56 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on DECK shares. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Wells Fargo & Company raised their price target on shares of Deckers Outdoor from $170.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Stifel Nicolaus upped their price objective on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. UBS Group raised their target price on Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI upped their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.20.

Insiders Place Their Bets

In related news, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now directly owns 29,628 shares in the company, valued at $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Caroti Stefano sold 15,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the transaction, 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 position. 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 corporate insiders.

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.