Chesley Taft & Associates LLC Buys 1,350 Shares of Deckers Outdoor Co. (NYSE:DECK)

Chesley Taft & Associates LLC grew its stake in Deckers Outdoor Co. (NYSE:DECK) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,590 shares of the textile maker’s stock after acquiring an additional 1,350 shares during the period. Chesley Taft & Associates LLC’s holdings in Deckers Outdoor were worth $4,182,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DECK. JPMorgan Chase & Co. increased its position in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the period. City Center Advisors LLC bought a new position in Deckers Outdoor in the fourth quarter worth approximately $575,000. B. Riley Wealth Advisors Inc. lifted its holdings in Deckers Outdoor by 506.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock worth $1,060,000 after buying an additional 5,574 shares during the period. Principal Financial Group Inc. boosted its position in Deckers Outdoor by 512.9% during the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after acquiring an additional 332,590 shares in the last quarter. Finally, Cadent Capital Advisors LLC increased its holdings in shares of Deckers Outdoor by 116.8% in the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock valued at $1,316,000 after acquiring an additional 3,491 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Thomas Garcia sold 18,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the transaction, the insider now owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,036 shares of company stock worth $13,715,482. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

DECK has been the topic of several analyst reports. Evercore ISI lifted their target price on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. StockNews.com downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Truist Financial upped their price target on Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Guggenheim assumed coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They issued a “neutral” rating for the company. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.06.

Deckers Outdoor Price Performance

NYSE:DECK opened at $210.15 on Tuesday. The company’s fifty day moving average price is $199.86 and its 200-day moving average price is $125.81. Deckers Outdoor Co. has a 1-year low of $120.23 and a 1-year high of $214.70. The firm has a market capitalization of $31.93 billion, a P/E ratio of 36.96, a PEG ratio of 2.91 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $1.14 EPS. The company’s revenue was up 20.1% on a year-over-year basis. Equities analysts anticipate that Deckers Outdoor Co. will post 5.56 EPS for the current fiscal year.

Deckers Outdoor 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.