CIBC Asset Management Inc boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK – Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,265 shares of the textile maker’s stock after buying an additional 937 shares during the quarter. CIBC Asset Management Inc’s holdings in Deckers Outdoor were worth $4,725,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. grew its position in Deckers Outdoor by 32.5% during the fourth quarter. Pittenger & Anderson Inc. now owns 12,217 shares of the textile maker’s stock valued at $2,481,000 after buying an additional 2,995 shares during the period. Principal Financial Group Inc. lifted its holdings in Deckers Outdoor by 25.7% during the fourth quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker’s stock valued at $101,457,000 after purchasing an additional 102,134 shares in the last quarter. Monument Capital Management lifted its holdings in Deckers Outdoor by 0.6% during the fourth quarter. Monument Capital Management now owns 19,106 shares of the textile maker’s stock valued at $3,880,000 after purchasing an additional 105 shares in the last quarter. Csenge Advisory Group lifted its holdings in Deckers Outdoor by 51.4% during the fourth quarter. Csenge Advisory Group now owns 3,468 shares of the textile maker’s stock valued at $704,000 after purchasing an additional 1,178 shares in the last quarter. Finally, WD Rutherford LLC lifted its holdings in Deckers Outdoor by 4.8% during the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after purchasing an additional 79 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on DECK. Needham & Company LLC reaffirmed a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Bank of America lifted their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. KeyCorp lifted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group lifted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Finally, Evercore ISI boosted their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.
Insider Activity
In other news, Director Bonita C. Stewart sold 4,500 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $838,935.00. Following the sale, the director now owns 40,733 shares of the company’s stock, valued at approximately $7,593,853.19. This represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,956 shares of company stock valued at $4,596,741. 0.40% of the stock is currently owned by company insiders.
Deckers Outdoor Stock Down 2.1 %
DECK stock opened at $152.52 on Thursday. Deckers Outdoor Co. has a 52 week low of $131.39 and a 52 week high of $223.98. The company has a fifty day simple moving average of $196.19 and a two-hundred day simple moving average of $149.35. The firm has a market capitalization of $23.15 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07.
Deckers Outdoor (NYSE:DECK – Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.
Deckers Outdoor Company 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.
See Also
- Five stocks we like better than Deckers Outdoor
- Find and Profitably Trade Stocks at 52-Week Lows
- Nebius Group: NVIDIA’s Investment Sparks All-Time Highs
- How to Calculate Return on Investment (ROI)
- SoFi Stock Rallying Strong in the Last 5 Days—What’s Driving It?
- Are Penny Stocks a Good Fit for Your Portfolio?
- Intel Surges on M&A Talks: Rally Beginning or Just a Headfake?
Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Co. (NYSE:DECK – Free Report).
Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.