Calamos Advisors LLC Sells 625 Shares of Deckers Outdoor Co. (NYSE:DECK)

Calamos Advisors LLC lowered its stake in Deckers Outdoor Co. (NYSE:DECK) by 17.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,011 shares of the textile maker’s stock after selling 625 shares during the quarter. Calamos Advisors LLC’s holdings in Deckers Outdoor were worth $2,013,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. V Square Quantitative Management LLC grew its stake in Deckers Outdoor by 7.4% in the third quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock valued at $119,000 after acquiring an additional 16 shares during the period. Janiczek Wealth Management LLC increased its stake in Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after purchasing an additional 16 shares in the last quarter. Chase Investment Counsel Corp raised its holdings in Deckers Outdoor by 0.3% during the third quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock worth $2,967,000 after buying an additional 19 shares during the last quarter. Flputnam Investment Management Co. lifted its stake in shares of Deckers Outdoor by 2.9% in the third quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock valued at $389,000 after buying an additional 21 shares in the last quarter. Finally, Alcosta Capital Management Inc. grew its holdings in shares of Deckers Outdoor by 0.4% during the third quarter. Alcosta Capital Management Inc. now owns 5,624 shares of the textile maker’s stock valued at $2,891,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DECK. Wells Fargo & Company raised their price target on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Wedbush restated an “outperform” rating and issued a $1,000.00 target price on shares of Deckers Outdoor in a report on Wednesday, April 10th. Stifel Nicolaus upped their price target on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. TD Cowen raised their price objective on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $930.00 price objective on shares of Deckers Outdoor in a research note on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $890.93.

Deckers Outdoor Stock Down 1.6 %

Shares of Deckers Outdoor stock opened at $800.38 on Monday. The company has a market cap of $20.55 billion, a PE ratio of 28.79, a P/E/G ratio of 1.42 and a beta of 1.01. The business has a 50 day moving average of $884.89 and a 200 day moving average of $738.52. Deckers Outdoor Co. has a 52 week low of $424.36 and a 52 week high of $956.17.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, topping the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the company posted $10.48 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the transaction, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction dated Monday, April 15th. The stock was 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 directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,464 shares of company stock valued at $26,229,683. Corporate insiders own 0.70% of the company’s stock.

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