Osmosis Investment Management UK Ltd bought a new stake in Deckers Outdoor Corporation (NYSE:DECK – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,670 shares of the textile maker’s stock, valued at approximately $1,655,000.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Deckers Outdoor in the 2nd quarter worth about $1,343,613,000. Federated Hermes Inc. grew its holdings in shares of Deckers Outdoor by 374.1% during the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after purchasing an additional 2,485,338 shares during the last quarter. Invesco Ltd. increased its stake in shares of Deckers Outdoor by 0.5% in the fourth quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock valued at $285,380,000 after buying an additional 12,350 shares during the period. AQR Capital Management LLC increased its stake in shares of Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after buying an additional 2,035,517 shares during the period. Finally, Norges Bank bought a new position in Deckers Outdoor in the 4th quarter valued at approximately $252,729,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.
Deckers Outdoor Trading Up 0.4%
Shares of Deckers Outdoor stock opened at $92.09 on Tuesday. The business has a 50-day moving average price of $100.76 and a two-hundred day moving average price of $104.81. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45. The company has a market cap of $12.54 billion, a P/E ratio of 13.06, a PEG ratio of 1.71 and a beta of 1.17.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on DECK shares. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Argus set a $128.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 29th. Wells Fargo & Company reissued an “underweight” rating and issued a $85.00 price objective on shares of Deckers Outdoor in a research note on Friday, July 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, Truist Financial reduced their price target on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $117.16.
Read Our Latest Analysis on Deckers Outdoor
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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