Chevy Chase Trust Holdings LLC Has $3.10 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Chevy Chase Trust Holdings LLC decreased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 20.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,635 shares of the textile maker’s stock after selling 1,218 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Deckers Outdoor were worth $3,098,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC increased its holdings in Deckers Outdoor by 7.4% in the third quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock worth $119,000 after purchasing an additional 16 shares in the last quarter. Chase Investment Counsel Corp increased its stake in shares of Deckers Outdoor by 0.3% in the 3rd quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock valued at $2,967,000 after acquiring an additional 19 shares in the last quarter. Flputnam Investment Management Co. lifted its position in shares of Deckers Outdoor by 2.9% during the 3rd quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock valued at $389,000 after acquiring an additional 21 shares during the period. Alcosta Capital Management Inc. boosted its stake in Deckers Outdoor by 0.4% during the third quarter. Alcosta Capital Management Inc. now owns 5,624 shares of the textile maker’s stock worth $2,891,000 after acquiring an additional 25 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Deckers Outdoor by 3.6% in the first quarter. CIBC Asset Management Inc now owns 728 shares of the textile maker’s stock worth $327,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $867.83 on Wednesday. Deckers Outdoor Co. has a 52 week low of $424.36 and a 52 week high of $956.17. The firm has a 50-day moving average price of $886.67 and a two-hundred day moving average price of $721.40. The firm has a market cap of $22.28 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.55 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.40 by $3.71. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. Deckers Outdoor’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $10.48 earnings per share. As a group, sell-side analysts forecast that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

Insider Activity

In related news, CEO David Powers sold 17,978 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the completion of the sale, the chief executive officer now owns 98,218 shares in the company, valued at $70,375,161.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Deckers Outdoor news, CEO David Powers sold 17,978 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $70,375,161.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares in the company, valued at $3,399,311.51. The disclosure for this sale can be found here. Insiders sold a total of 42,449 shares of company stock valued at $34,172,388 in the last ninety days. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DECK has been the topic of several research reports. Piper Sandler upped their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Evercore ISI started coverage on Deckers Outdoor in a research note on Thursday, February 15th. They issued an “outperform” rating and a $960.00 price objective for the company. KeyCorp assumed coverage on Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price objective for the company. UBS Group increased their target price on Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $878.87.

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