Congress Asset Management Co. MA Sells 28,971 Shares of Deckers Outdoor Co. (NYSE:DECK)

Congress Asset Management Co. MA reduced its position in Deckers Outdoor Co. (NYSE:DECKFree Report) by 14.0% in the first quarter, Holdings Channel.com reports. The fund owned 177,837 shares of the textile maker’s stock after selling 28,971 shares during the period. Deckers Outdoor makes up about 1.2% of Congress Asset Management Co. MA’s investment portfolio, making the stock its 11th largest position. Congress Asset Management Co. MA’s holdings in Deckers Outdoor were worth $167,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC raised its holdings in Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after acquiring an additional 35 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at $33,000. FSC Wealth Advisors LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at $39,000. JFS Wealth Advisors LLC raised its stake in Deckers Outdoor by 265.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 84 shares of the textile maker’s stock valued at $56,000 after buying an additional 61 shares during the last quarter. Finally, Rise Advisors LLC purchased a new stake in Deckers Outdoor during the 1st quarter valued at $61,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 0.9 %

Deckers Outdoor stock traded down $9.30 during mid-day trading on Friday, hitting $980.14. The stock had a trading volume of 624,072 shares, compared to its average volume of 339,556. The firm has a market capitalization of $24.93 billion, a P/E ratio of 33.46, a P/E/G ratio of 3.31 and a beta of 1.11. The firm’s 50 day moving average is $932.14 and its 200 day moving average is $851.33. Deckers Outdoor Co. has a one year low of $484.02 and a one year high of $1,106.89.

Deckers Outdoor (NYSE:DECKGet Free Report) last issued its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, topping the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The company had revenue of $959.76 million during the quarter, compared to the consensus estimate of $892.00 million. During the same quarter in the prior year, the firm posted $3.46 EPS. Deckers Outdoor’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, equities research analysts forecast that Deckers Outdoor Co. will post 30.59 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Thomas Garcia sold 4,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the completion of the transaction, the insider now owns 11,654 shares of the company’s stock, valued at approximately $12,526,418.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Garcia sold 4,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the completion of the transaction, the insider now directly owns 11,654 shares of the company’s stock, valued at approximately $12,526,418.44. The disclosure for this sale can be found here. Insiders sold 28,101 shares of company stock valued at $28,858,562 in the last 90 days. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DECK. Robert W. Baird boosted their target price on shares of Deckers Outdoor from $975.00 to $1,050.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. UBS Group boosted their target price on shares of Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Bank of America boosted their target price on shares of Deckers Outdoor from $860.00 to $1,020.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Wedbush upped their price objective on Deckers Outdoor from $1,000.00 to $1,030.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Finally, Barclays reduced their price objective on Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,018.44.

Get Our Latest Stock Analysis on Deckers Outdoor

About Deckers Outdoor

(Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Co. (NYSE:DECKFree Report).

Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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