JPMorgan Chase & Co. Has $206.79 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

JPMorgan Chase & Co. increased its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 929.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,296,894 shares of the textile maker's stock after purchasing an additional 1,170,855 shares during the quarter. JPMorgan Chase & Co. owned about 0.85% of Deckers Outdoor worth $206,790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in Deckers Outdoor by 512.9% during the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker's stock worth $63,371,000 after acquiring an additional 332,590 shares during the period. Lord Abbett & CO. LLC raised its position in shares of Deckers Outdoor by 110.4% during the third quarter. Lord Abbett & CO. LLC now owns 60,894 shares of the textile maker's stock worth $9,710,000 after purchasing an additional 31,947 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Deckers Outdoor by 506.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker's stock valued at $1,060,000 after purchasing an additional 5,574 shares during the last quarter. Logan Capital Management Inc. boosted its position in shares of Deckers Outdoor by 494.1% in the 3rd quarter. Logan Capital Management Inc. now owns 112,519 shares of the textile maker's stock valued at $17,941,000 after purchasing an additional 93,580 shares during the period. Finally, Retirement Systems of Alabama increased its stake in Deckers Outdoor by 3,428.6% in the 3rd quarter. Retirement Systems of Alabama now owns 199,753 shares of the textile maker's stock worth $31,851,000 after purchasing an additional 194,092 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Trading Down 1.3 %

NYSE:DECK traded down $2.67 during mid-day trading on Tuesday, hitting $203.09. 1,317,242 shares of the company's stock traded hands, compared to its average volume of 2,182,787. The firm has a market capitalization of $30.85 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. The firm has a 50 day moving average of $188.24 and a two-hundred day moving average of $108.10. Deckers Outdoor Co. has a 12 month low of $108.65 and a 12 month high of $214.70.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. Deckers Outdoor's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share. As a group, equities research analysts expect that Deckers Outdoor Co. will post 5.49 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now owns 29,628 shares of the company's stock, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anne Spangenberg sold 3,882 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the transaction, the insider now owns 67,434 shares of the company's stock, valued at $12,571,720.62. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,234 shares of company stock worth $15,248,513. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on DECK. StockNews.com cut shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 25th. BTIG Research lowered shares of Deckers Outdoor from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 22nd. Bank of America boosted their target price on shares of Deckers Outdoor from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. TD Cowen raised their target price on Deckers Outdoor from $178.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, Evercore ISI upped their price target on Deckers Outdoor from $185.00 to $195.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Nine investment 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, Deckers Outdoor has a consensus rating of "Moderate Buy" and an average target price of $158.59.

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.