CIBC Private Wealth Group LLC Grows Stake in Deckers Outdoor Co. (NYSE:DECK)

CIBC Private Wealth Group LLC increased its stake in Deckers Outdoor Co. (NYSE:DECKFree Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 945 shares of the textile maker’s stock after acquiring an additional 15 shares during the period. CIBC Private Wealth Group LLC’s holdings in Deckers Outdoor were worth $632,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dorsey Wright & Associates boosted its position in shares of Deckers Outdoor by 130.9% during the fourth quarter. Dorsey Wright & Associates now owns 7,327 shares of the textile maker’s stock valued at $4,898,000 after buying an additional 4,154 shares during the period. KBC Group NV boosted its position in shares of Deckers Outdoor by 278.6% during the fourth quarter. KBC Group NV now owns 5,089 shares of the textile maker’s stock valued at $3,401,000 after buying an additional 3,745 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $2,927,000. California State Teachers Retirement System boosted its position in shares of Deckers Outdoor by 2.7% during the fourth quarter. California State Teachers Retirement System now owns 41,096 shares of the textile maker’s stock valued at $27,470,000 after buying an additional 1,082 shares during the period. Finally, United Community Bank bought a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $82,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Activity

In other news, insider Angela Ogbechie sold 153 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the sale, the insider now directly owns 3,779 shares of the company’s stock, valued at $4,073,497.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the sale, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at $82,580,519. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Angela Ogbechie sold 153 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the completion of the sale, the insider now directly owns 3,779 shares in the company, valued at $4,073,497.47. The disclosure for this sale can be found here. Insiders have sold 34,094 shares of company stock valued at $34,389,202 over the last ninety days. 0.70% of the stock is currently owned by insiders.

Deckers Outdoor Trading Up 1.1 %

NYSE DECK opened at $1,056.26 on Tuesday. The firm has a market capitalization of $26.87 billion, a P/E ratio of 36.06, a P/E/G ratio of 3.48 and a beta of 1.11. Deckers Outdoor Co. has a 12-month low of $484.02 and a 12-month high of $1,106.89. The firm’s fifty day simple moving average is $904.61 and its two-hundred day simple moving average is $830.53.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $2.13. The firm had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.46 earnings per share. As a group, sell-side analysts predict that Deckers Outdoor Co. will post 30.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DECK shares. BTIG Research lifted their price target on shares of Deckers Outdoor from $1,020.00 to $1,120.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Truist Financial raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating and lifted their price target for the company from $1,011.00 to $1,200.00 in a research note on Tuesday, May 28th. Barclays decreased their price target on shares of Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. Wedbush lifted their price target on shares of Deckers Outdoor from $1,000.00 to $1,030.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Deckers Outdoor from $775.00 to $825.00 and gave the stock a “hold” rating in a research note on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $1,018.44.

Check Out Our Latest Report on Deckers Outdoor

Deckers Outdoor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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