Robeco Institutional Asset Management B.V. reduced its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 11.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,967,191 shares of the textile maker’s stock after selling 248,669 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Deckers Outdoor were worth $153,716,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in DECK. BlackRock Inc. acquired a new stake in shares of Deckers Outdoor in the second quarter valued at $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Deckers Outdoor by 21.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker’s stock valued at $210,157,000 after purchasing an additional 374,923 shares during the period. Bank of New York Mellon Corp boosted its holdings in Deckers Outdoor by 123.2% in the first quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker’s stock valued at $180,464,000 after purchasing an additional 995,099 shares during the period. Amundi grew its stake in Deckers Outdoor by 13.2% during the 1st quarter. Amundi now owns 1,611,174 shares of the textile maker’s stock worth $161,262,000 after purchasing an additional 187,702 shares in the last quarter. Finally, Caisse de depot et placement du Quebec acquired a new position in Deckers Outdoor during the 2nd quarter worth $119,656,000. 97.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on DECK. Weiss Ratings lowered Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Truist Financial lowered their price objective on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Wolfe Research assumed coverage on Deckers Outdoor in a research report on Wednesday. They set a “peer perform” rating for the company. Barclays set a $133.00 target price on shares of Deckers Outdoor and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Robert W. Baird reduced their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and an average price target of $111.84.
Get Our Latest Stock Report on DECK
Deckers Outdoor Trading Down 2.3%
NYSE:DECK opened at $85.35 on Thursday. The firm has a market cap of $11.63 billion, a P/E ratio of 12.39, a PEG ratio of 1.36 and a beta of 1.12. Deckers Outdoor Corporation has a 12-month low of $77.20 and a 12-month high of $122.29. The stock’s 50 day simple moving average is $83.83 and its 200-day simple moving average is $97.09.
Deckers Outdoor (NYSE:DECK – Get Free Report) last released its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Research analysts forecast that Deckers Outdoor Corporation will post 7.50 EPS for the current fiscal year.
About Deckers Outdoor
Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.
The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.
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