Congress Asset Management Co. Reduces Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Congress Asset Management Co. trimmed its position in Deckers Outdoor Co. (NYSE:DECK) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 755,699 shares of the textile maker’s stock after selling 128,340 shares during the period. Deckers Outdoor comprises 1.0% of Congress Asset Management Co.’s portfolio, making the stock its 19th biggest holding. Congress Asset Management Co. owned about 0.50% of Deckers Outdoor worth $153,475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Resonant Capital Advisors LLC boosted its position in Deckers Outdoor by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock worth $489,000 after purchasing an additional 52 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of Deckers Outdoor by 3.9% in the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after buying an additional 54 shares during the period. Mather Group LLC. raised its stake in shares of Deckers Outdoor by 2.6% in the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after buying an additional 64 shares during the period. Atomi Financial Group Inc. raised its stake in shares of Deckers Outdoor by 6.5% in the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock worth $273,000 after buying an additional 82 shares during the period. Finally, CX Institutional raised its stake in shares of Deckers Outdoor by 4.3% in the fourth quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock worth $522,000 after buying an additional 107 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Deckers Outdoor

In related news, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the transaction, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. The trade was a 22.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,956 shares of company stock worth $10,387,731. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Price Performance

NYSE:DECK opened at $155.01 on Friday. The company has a market cap of $23.53 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.93 and a beta of 1.07. The stock’s 50 day simple moving average is $199.09 and its two-hundred day simple moving average is $146.64. Deckers Outdoor Co. has a 1 year low of $131.39 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on DECK. Jefferies Financial Group raised their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. TD Cowen raised their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Bank of America lifted their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Needham & Company LLC reissued a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Robert W. Baird lifted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

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.