Cibc World Markets Corp Raises Position in Deckers Outdoor Co. (NYSE:DECK)

Cibc World Markets Corp grew its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 15.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,974 shares of the textile maker’s stock after purchasing 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 quarter.

A number of other large investors also recently made changes to their positions in the business. FMR LLC lifted its stake in shares of Deckers Outdoor by 499.2% during the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after purchasing an additional 19,053,113 shares during the period. State Street Corp raised its position in shares of Deckers Outdoor by 513.8% in the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares during the period. Geode Capital Management LLC raised its position in shares of Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after buying an additional 3,393,420 shares during the period. JPMorgan Chase & Co. raised its position in shares of Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after buying an additional 1,074,263 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wells Fargo & Company cut their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. UBS Group increased their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. KeyCorp increased their target price on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Stifel Nicolaus increased their price target on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $119.17 on Thursday. The business has a 50-day moving average of $165.87 and a 200-day moving average of $164.06. The company has a market capitalization of $18.09 billion, a PE ratio of 19.32, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 1-year low of $115.00 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, equities analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

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.