CIBC Private Wealth Group LLC Has $632,000 Position in Deckers Outdoor Co. (NYSE:DECK)

CIBC Private Wealth Group LLC boosted its position in Deckers Outdoor Co. (NYSE:DECKFree Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 945 shares of the textile maker’s stock after purchasing an additional 15 shares during the period. CIBC Private Wealth Group LLC’s holdings in Deckers Outdoor were worth $632,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DECK. D.A. Davidson & CO. grew its position in shares of Deckers Outdoor by 8.2% in the 3rd quarter. D.A. Davidson & CO. now owns 1,690 shares of the textile maker’s stock valued at $869,000 after buying an additional 128 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Deckers Outdoor by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 3,887 shares of the textile maker’s stock valued at $1,998,000 after buying an additional 129 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Deckers Outdoor by 49.8% in the 3rd quarter. HighTower Advisors LLC now owns 17,073 shares of the textile maker’s stock valued at $8,914,000 after buying an additional 5,675 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Deckers Outdoor by 253.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 34,300 shares of the textile maker’s stock valued at $17,633,000 after buying an additional 24,600 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Deckers Outdoor by 5.7% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 24,022 shares of the textile maker’s stock valued at $12,349,000 after buying an additional 1,303 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 1.1 %

Shares of Deckers Outdoor stock opened at $1,056.26 on Tuesday. The company has a market cap of $26.87 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. Deckers Outdoor Co. has a 52 week low of $484.02 and a 52 week high of $1,106.89. The business has a 50 day moving average price of $904.61 and a 200-day moving average price of $830.53.

Deckers Outdoor (NYSE:DECKGet Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, topping the consensus estimate of $2.82 by $2.13. The firm had revenue of $959.76 million during the quarter, compared to the consensus estimate of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.46 earnings per share. As a group, research analysts anticipate that Deckers Outdoor Co. will post 30.66 EPS for the current year.

Insider Activity at Deckers Outdoor

In related news, insider Angela Ogbechie sold 153 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was 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 of the company’s stock, valued at $4,073,497.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Angela Ogbechie sold 153 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was 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 of the company’s stock, valued at $4,073,497.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Caroti Stefano sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the sale, the insider now directly owns 39,926 shares of the company’s stock, valued at $43,109,699.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,094 shares of company stock valued at $34,389,202. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DECK shares. Wells Fargo & Company upped their price target on Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. UBS Group upped their target price on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Barclays cut their target price on Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. BTIG Research upped their target price on Deckers Outdoor from $1,020.00 to $1,120.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, Stifel Nicolaus upped their target price on Deckers Outdoor from $775.00 to $825.00 and gave the company a “hold” rating in a research report on Friday, May 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $1,018.44.

Read Our Latest Report on DECK

About Deckers Outdoor

(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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