Deckers Outdoor Co. (NYSE:DECK) Position Raised by Cibc World Markets Corp

Cibc World Markets Corp increased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 15.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,974 shares of the textile maker’s stock after buying an additional 3,267 shares during the quarter. Cibc World Markets Corp’s holdings in Deckers Outdoor were worth $4,869,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gallacher Capital Management LLC raised its holdings in Deckers Outdoor by 10.6% during the fourth quarter. Gallacher Capital Management LLC now owns 1,563 shares of the textile maker’s stock worth $317,000 after purchasing an additional 150 shares in the last quarter. Corient Private Wealth LLC grew its position in Deckers Outdoor by 7.3% in the fourth quarter. Corient Private Wealth LLC now owns 17,796 shares of the textile maker’s stock worth $3,614,000 after buying an additional 1,206 shares during the last quarter. Gitterman Wealth Management LLC acquired a new position in Deckers Outdoor in the fourth quarter worth approximately $434,000. Frank Rimerman Advisors LLC acquired a new position in Deckers Outdoor in the fourth quarter worth approximately $283,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in Deckers Outdoor in the fourth quarter worth approximately $238,000. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Robert W. Baird lifted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. UBS Group lifted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Truist Financial lowered their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Up 3.4 %

Shares of NYSE:DECK opened at $119.17 on Thursday. The firm has a fifty day moving average of $165.87 and a two-hundred day moving average of $164.06. The firm has a market capitalization of $18.09 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12-month low of $115.00 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (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%. Equities research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

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.