Chevy Chase Trust Holdings LLC Raises Stock Holdings in Deckers Outdoor Corporation (NYSE:DECK)

Chevy Chase Trust Holdings LLC boosted its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 20.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,990 shares of the textile maker's stock after acquiring an additional 20,810 shares during the period. Chevy Chase Trust Holdings LLC owned 0.08% of Deckers Outdoor worth $13,863,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Deckers Outdoor by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock valued at $3,582,464,000 after purchasing an additional 229,807 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Deckers Outdoor by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock valued at $831,723,000 after purchasing an additional 45,035 shares in the last quarter. Norges Bank purchased a new stake in Deckers Outdoor in the 4th quarter valued at approximately $392,583,000. Northern Trust Corp boosted its holdings in Deckers Outdoor by 13.9% in the 4th quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock valued at $321,228,000 after purchasing an additional 192,469 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Deckers Outdoor by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker's stock worth $289,027,000 after acquiring an additional 145,794 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Activity at Deckers Outdoor

In other news, Director Cindy L. Davis purchased 1,825 shares of the company's stock in a transaction on Friday, June 6th. The stock was bought at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the purchase, the director now directly owns 13,340 shares of the company's stock, valued at $1,464,198.40. The trade was a 15.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the sale, the insider now directly owns 19,980 shares of the company's stock, valued at $2,075,722.20. The trade was a 23.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Performance

Deckers Outdoor stock traded up $2.41 during trading on Friday, hitting $104.34. The company's stock had a trading volume of 3,919,944 shares, compared to its average volume of 2,622,653. The stock has a market capitalization of $15.59 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 6.33 and a beta of 1.02. The stock's fifty day moving average is $111.26 and its 200 day moving average is $143.02. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.57 by $0.43. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Deckers Outdoor had a return on equity of 41.17% and a net margin of 19.49%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has authorized a stock buyback program on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in shares. This repurchase authorization authorizes the textile maker to buy up to 11.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

DECK has been the subject of several research reports. UBS Group set a $169.00 price objective on Deckers Outdoor and gave the stock a "buy" rating in a report on Friday, May 23rd. Raymond James Financial reiterated a "strong-buy" rating on shares of Deckers Outdoor in a research report on Friday, May 23rd. Wells Fargo & Company decreased their target price on Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Friday, May 23rd. TD Securities boosted their target price on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Barclays reiterated an "overweight" rating and set a $128.00 target price (down from $129.00) on shares of Deckers Outdoor in a research report on Thursday, May 22nd. Fourteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Deckers Outdoor presently has an average rating of "Hold" and a consensus price target of $140.31.

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.