Congress Asset Management Co. Sells 8,187 Shares of Deckers Outdoor Corporation $DECK

Congress Asset Management Co. cut its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 40.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,858 shares of the textile maker’s stock after selling 8,187 shares during the quarter. Congress Asset Management Co.’s holdings in Deckers Outdoor were worth $1,229,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. American National Bank & Trust raised its holdings in shares of Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 106 shares in the last quarter. True Wealth Design LLC boosted its holdings in Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after purchasing an additional 244 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Deckers Outdoor during the third quarter worth $30,000. Finally, Rakuten Securities Inc. raised its holdings in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Insider Transactions at Deckers Outdoor

In other news, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. This represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the sale, the insider owned 42,461 shares in the company, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,092 shares of company stock worth $1,048,552 over the last three months. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $100.00 on Thursday. The stock’s 50-day moving average is $108.59 and its 200-day moving average is $101.98. The company has a market cap of $14.20 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.31 and a beta of 1.15. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $133.43.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm earned $3.00 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Evercore set a $108.00 price target on Deckers Outdoor in a research note on Friday, January 30th. Wells Fargo & Company set a $110.00 price objective on Deckers Outdoor and gave the company an “equal weight” rating in a research note on Friday, January 30th. Citigroup restated a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Wednesday, January 21st. Finally, UBS Group reiterated a “buy” rating and set a $161.00 price target (up from $157.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.20.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.