JPMorgan Chase & Co. Sells 521,712 Shares of Deckers Outdoor Co. (NYSE:DECK)

JPMorgan Chase & Co. lowered its position in Deckers Outdoor Co. (NYSE:DECK) by 40.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 775,182 shares of the textile maker’s stock after selling 521,712 shares during the period. JPMorgan Chase & Co. owned 0.51% of Deckers Outdoor worth $157,432,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 120 shares in the last quarter. Fortitude Family Office LLC grew its stake in Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares during the period. Rakuten Securities Inc. increased its holdings in Deckers Outdoor by 59.8% in the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock worth $71,000 after purchasing an additional 131 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Deckers Outdoor by 107.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker’s stock valued at $74,000 after buying an additional 189 shares during the period. 97.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Deckers Outdoor

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

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $113.43 on Wednesday. The firm has a market cap of $17.22 billion, a PE ratio of 18.39, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 1 year low of $107.37 and a 1 year high of $223.98. The stock has a fifty day moving average price of $149.47 and a 200-day moving average price of $170.86.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping 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, equities analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DECK has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Bank of America increased their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Stifel Nicolaus upped their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. UBS Group raised their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 target price 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $197.41.

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.