Global Retirement Partners LLC purchased a new position in Deckers Outdoor Corporation (NYSE:DECK – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 5,933 shares of the textile maker’s stock, valued at approximately $589,000.
A number of other institutional investors have also added to or reduced their stakes in DECK. Geneos Wealth Management Inc. raised its position 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 valued at $29,000 after buying an additional 215 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter worth $30,000. Rakuten Securities Inc. lifted its holdings in shares of Deckers Outdoor by 45.5% in 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 in the last quarter. Activest Wealth Management boosted its position 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 acquiring an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Deckers Outdoor during the fourth quarter worth $35,000. 97.79% of the stock is owned by hedge funds and other institutional investors.
Deckers Outdoor Stock Performance
NYSE DECK opened at $89.52 on Wednesday. The stock has a 50 day moving average price of $102.52 and a 200-day moving average price of $105.41. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $125.45. The company has a market capitalization of $12.19 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.73 and a beta of 1.17.
Analyst Ratings Changes
A number of analysts have issued reports on DECK shares. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. KGI Securities cut shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research note on Friday, May 22nd. Truist Financial dropped their price objective on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a report on Friday, July 24th. Robert W. Baird cut their price objective on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $85.00 target price on shares of Deckers Outdoor in a report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $117.16.
Get Our Latest Research Report on DECK
Deckers Outdoor 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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