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

D.A. Davidson & CO. decreased its stake in Deckers Outdoor Co. (NYSE:DECK) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Global Trust Asset Management LLC acquired a new position in Deckers Outdoor in the fourth quarter worth $31,000. Solstein Capital LLC boosted its stake in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Deckers Outdoor by 2,000.0% in the third 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 in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $146.48 on Friday. Deckers Outdoor Co. has a 1 year low of $131.39 and a 1 year high of $223.98. The business has a 50-day moving average of $193.91 and a two-hundred day moving average of $151.09. The company has a market capitalization 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 announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DECK shares. Robert W. Baird upped their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research note on Friday, February 7th. Stifel Nicolaus upped their price target on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, KeyCorp upped their price target on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the transaction, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was 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 directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

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.