Caisse de depot et placement du Quebec purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK – Free Report) during the second quarter, HoldingsChannel reports. The fund purchased 1,205,113 shares of the textile maker’s stock, valued at approximately $119,656,000.
Several other institutional investors and hedge funds also recently made changes to their positions in DECK. Man Group plc bought a new stake in shares of Deckers Outdoor in the 2nd quarter valued at $82,448,000. Roberts Glore & Co. Inc. IL acquired a new stake in Deckers Outdoor during the 2nd quarter worth $534,000. Jupiter Topco LLC bought a new position in Deckers Outdoor during the second quarter worth about $1,983,000. Hsbc Holdings PLC bought a new position in Deckers Outdoor during the second quarter worth about $73,623,000. Finally, EFG International AG acquired a new position in Deckers Outdoor in the second quarter valued at about $6,777,000. Institutional investors and hedge funds own 97.79% of the company’s stock.
Deckers Outdoor Trading Up 0.8%
Shares of NYSE DECK opened at $89.43 on Thursday. The company has a fifty day moving average price of $100.00 and a 200 day moving average price of $104.50. The firm has a market cap of $12.18 billion, a PE ratio of 12.69, a PEG ratio of 1.65 and a beta of 1.17. Deckers Outdoor Corporation has a 1-year low of $78.91 and a 1-year high of $125.45.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on DECK. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Truist Financial cut their price objective on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research report on Friday, May 22nd. Telsey Advisory Group lowered their target price on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. Finally, UBS Group restated a “buy” rating on shares of Deckers Outdoor in a report 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 company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $117.16.
Check Out Our Latest Report on Deckers Outdoor
Deckers Outdoor Company 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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