Cibc World Market Inc. Trims Stock Position in Deckers Outdoor Corporation $DECK

Cibc World Market Inc. trimmed its stake in Deckers Outdoor Corporation (NYSE:DECK) by 90.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,342 shares of the textile maker’s stock after selling 191,392 shares during the period. Cibc World Market Inc.’s holdings in Deckers Outdoor were worth $1,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in shares of Deckers Outdoor by 3.2% during the third quarter. Advisors Asset Management Inc. now owns 15,062 shares of the textile maker’s stock worth $1,527,000 after purchasing an additional 460 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in Deckers Outdoor by 3.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 21,655 shares of the textile maker’s stock worth $2,195,000 after buying an additional 666 shares during the last quarter. Baader Bank Aktiengesellschaft increased its position in Deckers Outdoor by 40.4% during the third quarter. Baader Bank Aktiengesellschaft now owns 4,808 shares of the textile maker’s stock worth $449,000 after buying an additional 1,384 shares during the period. Wealthfront Advisers LLC lifted its stake in Deckers Outdoor by 9.2% in the third quarter. Wealthfront Advisers LLC now owns 5,076 shares of the textile maker’s stock valued at $515,000 after buying an additional 428 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Deckers Outdoor by 16.3% in the third quarter. Oppenheimer & Co. Inc. now owns 7,740 shares of the textile maker’s stock valued at $785,000 after acquiring an additional 1,082 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $115.68 on Tuesday. The company has a market cap of $16.42 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 2.64 and a beta of 1.16. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $158.00. The business has a fifty day moving average of $105.26 and a two-hundred day moving average of $102.10.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $3.00 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Insider Activity at Deckers Outdoor

In related news, insider Anne Spangenberg sold 4,063 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the transaction, the insider directly owned 80,449 shares of the company’s stock, valued at $9,333,692.98. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the transaction, the insider directly owned 42,461 shares of the company’s stock, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Raymond James Financial set a $115.00 price target on shares of Deckers Outdoor and gave the company a “strong-buy” rating in a research report on Friday, October 24th. BTIG Research reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 30th. Evercore set a $108.00 price target on Deckers Outdoor in a report on Friday, January 30th. Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Finally, Truist Financial set a $132.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $125.20.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.