CIBC Private Wealth Group LLC Purchases 96,331 Shares of Deckers Outdoor Corporation $DECK

Key Points

• CIBC Private Wealth Group LLC boosted its stake in Deckers by 4,232.5% in Q3, buying 96,331 shares to hold 98,607 shares (about 0.07% of the company) valued at roughly $9.996 million.
• Deckers beat expectations for the quarter with $3.33 EPS vs. $2.77 expected and $1.96 billion in revenue (up 7.1% year‑over‑year), yet the stock opened at $100.22 and was down about 4.5%; the company has a market cap of $14.23 billion and a P/E of 14.16.
• Insiders sold a combined 9,092 shares (~$1.05 million) over the last three months, while analysts’ consensus is a “Moderate Buy” with an average price target of $125.20.

CIBC Private Wealth Group LLC increased its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 4,232.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,607 shares of the textile maker's stock after acquiring an additional 96,331 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.07% of Deckers Outdoor worth $9,996,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust lifted its position in shares of Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock worth $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC boosted its stake in shares of Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker's stock valued at $26,000 after purchasing an additional 244 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock valued at $29,000 after buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in Deckers Outdoor in the third quarter worth approximately $30,000. Finally, Rakuten Securities Inc. lifted its holdings in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock worth $33,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Down 4.5%

DECK stock opened at $100.22 on Friday. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $133.43. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 2.39 and a beta of 1.15. The business has a fifty day moving average of $108.61 and a two-hundred day moving average of $102.57.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm earned $3.00 EPS. Deckers Outdoor's revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Lauri M. Shanahan sold 4,682 shares of the business's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the sale, the director directly owned 25,026 shares of the company's stock, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anne Spangenberg sold 4,063 shares of the company's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the transaction, the insider owned 80,449 shares in the company, valued at approximately $9,333,692.98. This represents a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,092 shares of company stock worth $1,048,552 over the last three months. Insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a "sell" rating and issued a $92.00 price target (up from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Guggenheim began coverage on Deckers Outdoor in a research report on Tuesday, December 9th. They set a "neutral" rating on the stock. Truist Financial set a $132.00 target price on shares of Deckers Outdoor in a report on Friday, January 30th. Jefferies Financial Group increased their price target on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a "hold" rating in a research report on Tuesday, January 27th. Finally, Citigroup restated a "buy" rating and issued a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $125.20.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company's product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.

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