Te Ahumairangi Investment Management Ltd bought a new position in Deckers Outdoor Corporation (NYSE:DECK – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 29,431 shares of the textile maker’s stock, valued at approximately $2,922,000.
A number of other large investors have also recently modified their holdings of the company. Danske Bank A S bought a new position in Deckers Outdoor in the second quarter worth approximately $46,235,000. Private Wealth Advisors LLC purchased a new position in shares of Deckers Outdoor in the 2nd quarter valued at $4,634,000. ProShare Advisors LLC raised its position in shares of Deckers Outdoor by 52.5% in the 4th quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock worth $4,356,000 after acquiring an additional 14,470 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Deckers Outdoor during the 2nd quarter worth $1,870,000. Finally, Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth $247,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.
Deckers Outdoor Stock Down 0.2%
Shares of DECK opened at $91.50 on Monday. The company has a market capitalization of $12.46 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.71 and a beta of 1.17. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $125.45. The stock’s 50-day moving average price is $101.17 and its 200-day moving average price is $104.96.
Analyst Upgrades and Downgrades
Several research firms have issued reports on DECK. Telsey Advisory Group cut their target price on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a research note on Friday, July 24th. Sanford C. Bernstein reissued a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research report on Friday, May 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a report on Friday, July 17th. Finally, Argus set a $128.00 price objective on Deckers Outdoor in a research report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and a consensus price target of $117.16.
Read Our Latest Stock Analysis on DECK
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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