Monte Financial Group LLC Has $1.37 Million Stock Position in Deckers Outdoor Corporation (NYSE:DECK)

Monte Financial Group LLC increased its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 101.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,951 shares of the textile maker's stock after acquiring an additional 6,536 shares during the quarter. Monte Financial Group LLC's holdings in Deckers Outdoor were worth $1,369,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Deckers Outdoor by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock worth $3,582,464,000 after purchasing an additional 229,807 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Deckers Outdoor by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock worth $831,723,000 after buying an additional 45,035 shares during the period. Norges Bank acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth $392,583,000. Northern Trust Corp grew its holdings in shares of Deckers Outdoor by 13.9% during the fourth quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock valued at $321,228,000 after buying an additional 192,469 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Deckers Outdoor by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker's stock valued at $289,027,000 after buying an additional 145,794 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the sale, the director now directly owns 10,681 shares of the company's stock, valued at approximately $1,165,083.48. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cindy L. Davis purchased 1,825 shares of Deckers Outdoor stock in a transaction on Friday, June 6th. The stock was bought at an average cost of $109.76 per share, with a total value of $200,312.00. Following the completion of the acquisition, the director now owns 13,340 shares in the company, valued at approximately $1,464,198.40. This trade represents a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Performance

DECK opened at $101.80 on Friday. The firm has a market cap of $15.21 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 6.13 and a beta of 1.02. The business has a 50 day moving average price of $111.58 and a 200 day moving average price of $147.30. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98.

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

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on DECK. Argus began coverage on Deckers Outdoor in a research report on Friday, June 13th. They set a "hold" rating for the company. TD Securities raised their price target on shares of Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Citigroup dropped their price objective on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. Finally, UBS Group set a $169.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a report on Friday, May 23rd. Fourteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $134.68.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.