Fairtree Asset Management Pty Ltd acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,022 shares of the textile maker’s stock, valued at approximately $2,087,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Danske Bank A S purchased a new position in Deckers Outdoor in the 2nd quarter valued at $46,235,000. Private Wealth Advisors LLC purchased a new position in Deckers Outdoor during the 2nd quarter worth $4,634,000. ProShare Advisors LLC raised its position in Deckers Outdoor by 52.5% during the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock worth $4,356,000 after buying an additional 14,470 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Deckers Outdoor in the 2nd quarter worth $1,870,000. Finally, Revolve Wealth Partners LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth $247,000. 97.79% of the stock is owned by hedge funds and other institutional investors.
Deckers Outdoor Price Performance
DECK opened at $88.70 on Friday. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45. The stock has a market cap of $12.08 billion, a P/E ratio of 12.58, a P/E/G ratio of 1.70 and a beta of 1.17. The stock’s 50 day simple moving average is $101.62 and its 200 day simple moving average is $105.14.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reiterated an “underweight” rating and set a $85.00 price target on shares of Deckers Outdoor in a research note on Friday, July 24th. Telsey Advisory Group reduced their price objective on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a report on Friday, July 17th. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price on the stock. in a research report on Friday, May 22nd. Finally, Truist Financial cut their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and a consensus price target of $117.16.
View Our Latest 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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