Bank of Montreal Can Trims Position in Deckers Outdoor Co. (NYSE:DECK)

Bank of Montreal Can decreased its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,929 shares of the textile maker's stock after selling 14,478 shares during the period. Bank of Montreal Can owned about 0.10% of Deckers Outdoor worth $31,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DECK. Headlands Technologies LLC purchased a new position in Deckers Outdoor during the 4th quarter worth $29,000. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth $31,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after buying an additional 120 shares during the period. Fortitude Family Office LLC raised its holdings in shares of Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock valued at $45,000 after acquiring an additional 198 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in Deckers Outdoor by 404.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock worth $51,000 after acquiring an additional 202 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

DECK stock traded down $0.51 during mid-day trading on Wednesday, reaching $103.67. 773,809 shares of the company's stock were exchanged, compared to its average volume of 3,310,258. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The stock's 50 day moving average is $127.72 and its 200 day moving average is $166.72.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DECK. Piper Sandler lowered their price target on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Raymond James upgraded Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and lowered their target price for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. Jefferies Financial Group lifted their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Needham & Company LLC restated a "buy" rating and set a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $187.89.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

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