Toth Financial Advisory Corp Trims Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Toth Financial Advisory Corp decreased its holdings in Deckers Outdoor Co. (NYSE:DECK) by 68.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 361 shares of the textile maker’s stock after selling 800 shares during the period. Toth Financial Advisory Corp’s holdings in Deckers Outdoor were worth $340,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. LPL Financial LLC grew its stake in Deckers Outdoor by 0.9% during the third quarter. LPL Financial LLC now owns 18,572 shares of the textile maker’s stock valued at $9,548,000 after acquiring an additional 168 shares in the last quarter. Stifel Financial Corp grew its stake in Deckers Outdoor by 0.8% during the third quarter. Stifel Financial Corp now owns 21,443 shares of the textile maker’s stock valued at $11,024,000 after acquiring an additional 168 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Deckers Outdoor by 27.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 3,776 shares of the textile maker’s stock valued at $1,941,000 after acquiring an additional 822 shares in the last quarter. MQS Management LLC purchased a new position in Deckers Outdoor during the third quarter valued at approximately $203,000. Finally, Bank of Nova Scotia lifted its position in Deckers Outdoor by 19.8% during the third quarter. Bank of Nova Scotia now owns 1,473 shares of the textile maker’s stock valued at $757,000 after purchasing an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 3.2 %

Shares of DECK opened at $967.95 on Friday. The stock has a market capitalization of $24.62 billion, a P/E ratio of 33.05, a PEG ratio of 3.24 and a beta of 1.11. The firm has a fifty day simple moving average of $949.00 and a two-hundred day simple moving average of $861.28. Deckers Outdoor Co. has a twelve month low of $484.02 and a twelve month high of $1,106.89.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, beating the consensus estimate of $2.82 by $2.13. The business had revenue of $959.76 million during the quarter, compared to analysts’ expectations of $892.00 million. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.46 EPS. Sell-side analysts expect that Deckers Outdoor Co. will post 30.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DECK has been the subject of several research analyst reports. Citigroup lifted their target price on shares of Deckers Outdoor from $835.00 to $920.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Wedbush lifted their target price on shares of Deckers Outdoor from $1,000.00 to $1,030.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Truist Financial upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating and lifted their target price for the company from $1,011.00 to $1,200.00 in a research report on Tuesday, May 28th. Evercore ISI lifted their target price on shares of Deckers Outdoor from $960.00 to $1,110.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Finally, Bank of America lifted 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 report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,023.44.

Insider Transactions at Deckers Outdoor

In other news, insider Caroti Stefano sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the completion of the sale, the insider now directly owns 39,926 shares of the company’s stock, valued at approximately $43,109,699.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Caroti Stefano sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the completion of the sale, the insider now directly owns 39,926 shares of the company’s stock, valued at approximately $43,109,699.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Powers sold 5,993 shares of the firm’s 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 sale, 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 ninety days, insiders sold 28,101 shares of company stock valued at $28,858,562. Company insiders own 0.70% 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.