Jones Financial Companies Lllp Increases Holdings in Deckers Outdoor Co. (NYSE:DECK)

Jones Financial Companies Lllp grew its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 110.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,046 shares of the textile maker's stock after purchasing an additional 2,121 shares during the period. Jones Financial Companies Lllp's holdings in Deckers Outdoor were worth $822,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of Deckers Outdoor by 2,037.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker's stock worth $327,000 after buying an additional 1,956 shares during the last quarter. Principal Financial Group Inc. lifted its position in Deckers Outdoor by 512.9% during the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker's stock valued at $63,371,000 after purchasing an additional 332,590 shares in the last quarter. Portside Wealth Group LLC lifted its position in Deckers Outdoor by 440.0% during the third quarter. Portside Wealth Group LLC now owns 2,824 shares of the textile maker's stock valued at $450,000 after purchasing an additional 2,301 shares in the last quarter. AIA Group Ltd lifted its position in Deckers Outdoor by 594.4% during the third quarter. AIA Group Ltd now owns 12,500 shares of the textile maker's stock valued at $1,993,000 after purchasing an additional 10,700 shares in the last quarter. Finally, SpiderRock Advisors LLC lifted its position in Deckers Outdoor by 499.9% during the third quarter. SpiderRock Advisors LLC now owns 24,036 shares of the textile maker's stock valued at $3,833,000 after purchasing an additional 20,029 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

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Analyst Upgrades and Downgrades

DECK has been the topic of several analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Stifel Nicolaus boosted their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Jefferies Financial Group boosted their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. Finally, Bank of America boosted their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $197.41.

Insiders Place Their Bets

In other news, CEO Caroti Stefano sold 14,274 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares of the company's stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value 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. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,574 shares of company stock valued at $6,485,189 over the last ninety days. 0.40% of the stock is owned by insiders.

Deckers Outdoor Stock Down 4.8 %

NYSE DECK traded down $6.15 during trading hours on Monday, hitting $120.58. 2,136,145 shares of the company were exchanged, compared to its average volume of 3,148,648. The stock has a 50-day moving average price of $179.75 and a 200 day moving average price of $159.83. Deckers Outdoor Co. has a 52 week low of $119.30 and a 52 week high of $223.98. The stock has a market cap of $18.30 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

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