Bank Julius Baer & Co. Ltd Zurich reduced its position in shares of Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 89.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,402 shares of the textile maker’s stock after selling 199,020 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Deckers Outdoor were worth $2,455,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of DECK. Geneos Wealth Management Inc. boosted its holdings in shares of Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Deckers Outdoor during the third quarter worth about $30,000. Rakuten Securities Inc. boosted its holdings in shares of 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 purchasing an additional 100 shares during the period. Activest Wealth Management boosted its holdings in shares of Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares during the period. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $40,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Needham & Company LLC increased their target price on shares of Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Wells Fargo & Company lowered shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $115.00 to $90.00 in a report on Friday, May 8th. Telsey Advisory Group restated a “market perform” rating and issued a $120.00 price objective (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. The Goldman Sachs Group restated a “sell” rating and issued a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, Piper Sandler restated an “underweight” rating and issued a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $124.80.
Deckers Outdoor Price Performance
Shares of DECK opened at $93.48 on Friday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $131.58. The company has a 50-day simple moving average of $102.75 and a two-hundred day simple moving average of $101.14. The firm has a market capitalization of $13.27 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 2.04 and a beta of 1.14.
About Deckers Outdoor
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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