Janney Montgomery Scott LLC Has $13.80 Million Position in Deckers Outdoor Corporation (NYSE:DECK)

Janney Montgomery Scott LLC raised its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 12.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,450 shares of the textile maker's stock after acquiring an additional 13,770 shares during the period. Janney Montgomery Scott LLC owned approximately 0.08% of Deckers Outdoor worth $13,803,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DECK. Revolve Wealth Partners LLC acquired a new position in Deckers Outdoor during the 4th quarter valued at $247,000. Allworth Financial LP raised its position in shares of Deckers Outdoor by 8.8% during the fourth quarter. Allworth Financial LP now owns 1,435 shares of the textile maker's stock valued at $308,000 after buying an additional 116 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Deckers Outdoor by 4.2% in the fourth quarter. CIBC Asset Management Inc now owns 23,265 shares of the textile maker's stock valued at $4,725,000 after buying an additional 937 shares during the period. Truist Financial Corp lifted its stake in shares of Deckers Outdoor by 2.9% in the fourth quarter. Truist Financial Corp now owns 54,321 shares of the textile maker's stock valued at $11,032,000 after buying an additional 1,548 shares during the period. Finally, Global Retirement Partners LLC grew its position in Deckers Outdoor by 18.9% during the fourth quarter. Global Retirement Partners LLC now owns 4,101 shares of the textile maker's stock worth $833,000 after buying an additional 651 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on DECK shares. Telsey Advisory Group downgraded Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research report on Friday, May 23rd. Argus initiated coverage on Deckers Outdoor in a research note on Friday, June 13th. They issued a "hold" rating for the company. Robert W. Baird decreased their price target on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. KeyCorp restated a "sector weight" rating and issued a $150.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 23rd. Finally, KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. Fourteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of "Hold" and a consensus target price of $134.68.

Insiders Place Their Bets

In related news, insider Angela Ogbechie sold 6,244 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the transaction, the insider now owns 19,980 shares in the company, valued at $2,075,722.20. The trade was a 23.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Cindy L. Davis acquired 1,825 shares of the firm's stock in a transaction on Friday, June 6th. The stock was purchased at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the director now directly owns 13,340 shares in the company, valued at approximately $1,464,198.40. The trade was a 15.85% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Up 0.8%

DECK traded up $0.80 during trading on Friday, hitting $101.80. The company's stock had a trading volume of 3,528,799 shares, compared to its average volume of 2,610,724. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 6.13 and a beta of 1.02. The firm's 50 day moving average price is $111.72 and its two-hundred day moving average price is $147.99. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.43. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Deckers Outdoor had a return on equity of 41.17% and a net margin of 19.49%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. On average, sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor announced that its Board of Directors has approved a share buyback program on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

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.