Pittenger & Anderson Inc. Increases Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Pittenger & Anderson Inc. grew its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 32.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,217 shares of the textile maker’s stock after purchasing an additional 2,995 shares during the period. Pittenger & Anderson Inc.’s holdings in Deckers Outdoor were worth $2,481,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock worth $91,965,000 after acquiring an additional 235,091 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of Deckers Outdoor by 62.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock valued at $1,407,000 after buying an additional 2,668 shares during the period. JPMorgan Chase & Co. grew its position in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares in the last quarter. City Center Advisors LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $575,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Deckers Outdoor by 506.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock valued at $1,060,000 after acquiring an additional 5,574 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 2.0 %

Shares of DECK opened at $155.01 on Monday. The company has a 50-day moving average of $199.09 and a two-hundred day moving average of $147.49. The stock has a market cap of $23.53 billion, a P/E ratio of 25.13, a PEG ratio of 1.93 and a beta of 1.07. Deckers Outdoor Co. has a 12-month low of $131.39 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating analysts’ consensus estimates 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, analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the transaction, the insider now directly owns 63,642 shares of the company’s stock, valued at $11,155,169.76. The trade was a 22.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Anne Spangenberg sold 3,882 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total transaction of $723,721.26. Following the sale, the insider now directly owns 67,434 shares of the company’s stock, valued at approximately $12,571,720.62. This trade represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,956 shares of company stock worth $10,387,731 over the last quarter. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on DECK shares. Needham & Company LLC reiterated a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen increased their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Robert W. Baird boosted their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Bank of America increased their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor 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.