Epoch Investment Partners Inc. boosted its position in Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,420,744 shares of the textile maker’s stock after acquiring an additional 153,098 shares during the quarter. Epoch Investment Partners Inc. owned 1.00% of Deckers Outdoor worth $147,289,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. increased its stake in Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after acquiring an additional 2,485,338 shares during the last quarter. Norges Bank bought a new position in Deckers Outdoor in the fourth quarter valued at $252,729,000. Viking Global Investors LP bought a new position in Deckers Outdoor in the third quarter valued at $175,058,000. Northern Trust Corp grew its stake in shares of Deckers Outdoor by 3.6% during the third quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock valued at $174,513,000 after buying an additional 60,029 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Deckers Outdoor by 109.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,656,405 shares of the textile maker’s stock valued at $171,720,000 after buying an additional 867,397 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.
Deckers Outdoor Trading Down 0.5%
Shares of NYSE:DECK opened at $113.83 on Friday. The stock’s 50-day moving average price is $105.46 and its 200-day moving average price is $104.70. The stock has a market capitalization of $15.81 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.25 and a beta of 1.16. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $126.50.
Wall Street Analysts Forecast Growth
DECK has been the topic of a number of recent research reports. UBS Group raised their price objective on Deckers Outdoor from $145.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research note on Monday, April 20th. Argus set a $128.00 price objective on Deckers Outdoor in a research note on Friday, May 29th. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective on the stock. in a research note on Friday, May 22nd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $121.11.
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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