JPMorgan Chase & Co. Grows Stock Holdings in Deckers Outdoor Corporation $DECK

JPMorgan Chase & Co. grew its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 0.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,129,607 shares of the textile maker’s stock after buying an additional 4,514 shares during the period. JPMorgan Chase & Co. owned approximately 0.78% of Deckers Outdoor worth $114,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DECK. American National Bank & Trust grew its position in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after acquiring an additional 106 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of Deckers Outdoor by 2,440.0% in the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 244 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Deckers Outdoor during the 3rd quarter valued at approximately $30,000. Finally, CVA Family Office LLC raised its holdings in Deckers Outdoor by 137.4% during the 2nd quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock valued at $32,000 after buying an additional 180 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the transaction, the director directly owned 25,026 shares of the company’s stock, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Anne Spangenberg sold 4,063 shares of the business’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 transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,092 shares of company stock worth $1,048,552 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Wednesday, January 21st. Jefferies Financial Group upped their price target on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, January 27th. Stifel Nicolaus raised their price objective on shares of Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Citigroup restated a “buy” rating and set a $130.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $120.00 price target (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $118.70 on Monday. The company has a market capitalization of $16.85 billion, a PE ratio of 16.77, a P/E/G ratio of 2.70 and a beta of 1.16. The company has a 50 day moving average price of $106.63 and a 200-day moving average price of $102.48. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $151.33.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $3.00 EPS. Deckers Outdoor’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor Company Profile

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.