Mutual Advisors LLC boosted its holdings in Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 38.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,907 shares of the textile maker’s stock after purchasing an additional 1,366 shares during the quarter. Mutual Advisors LLC’s holdings in Deckers Outdoor were worth $506,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. acquired a new position in Deckers Outdoor in the first quarter worth $34,000. Olde Wealth Management LLC bought a new stake in Deckers Outdoor in the first quarter valued at $47,000. Cromwell Holdings LLC lifted its stake in Deckers Outdoor by 4,766.7% in the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock valued at $45,000 after buying an additional 429 shares during the last quarter. Banque Transatlantique SA bought a new stake in Deckers Outdoor in the first quarter valued at $51,000. Finally, Costello Asset Management INC bought a new stake in Deckers Outdoor in the first quarter valued at $78,000. Institutional investors and hedge funds own 97.79% of the company’s stock.
Deckers Outdoor Stock Up 0.8%
Shares of NYSE DECK opened at $99.89 on Monday. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm’s 50-day simple moving average is $109.12 and its 200 day simple moving average is $108.80. The stock has a market cap of $14.82 billion, a P/E ratio of 15.32, a P/E/G ratio of 3.81 and a beta of 1.05.
Insider Buying and Selling
In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the sale, the director directly owned 10,979 shares in the company, valued at approximately $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Evercore ISI cut their target price on Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating on the stock in a research note on Friday. UBS Group set a $157.00 target price on Deckers Outdoor and gave the company a “buy” rating in a research note on Wednesday, October 8th. Bank of America raised their target price on Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. The Goldman Sachs Group cut their target price on Deckers Outdoor from $90.00 to $87.00 and set a “sell” rating on the stock in a research note on Tuesday, July 22nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $120.00 target price on shares of Deckers Outdoor in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.00.
View Our Latest Research Report on DECK
Deckers Outdoor Company Profile
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.
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