Deckers Outdoor Corporation $DECK Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 3,713.3% in the 3rd quarter, Holdings Channel reports. The fund owned 125,000 shares of the textile maker’s stock after buying an additional 121,722 shares during the period. International Assets Investment Management LLC’s holdings in Deckers Outdoor were worth $9,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Deckers Outdoor in the 2nd quarter worth approximately $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Deckers Outdoor by 21.5% in the 2nd 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 lifted its stake in shares of Deckers Outdoor by 123.2% in the 1st 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 lifted its stake in shares of Deckers Outdoor by 13.2% in the 1st quarter. Amundi now owns 1,611,174 shares of the textile maker’s stock valued at $161,262,000 after purchasing an additional 187,702 shares during the period. Finally, Caisse de depot et placement du Quebec purchased a new stake in Deckers Outdoor during the second quarter worth $119,656,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on DECK. Sanford C. Bernstein dropped their price target on shares of Deckers Outdoor from $105.00 to $100.00 in a research report on Friday, October 23rd. BMO Capital Markets reaffirmed an “underperform” rating on shares of Deckers Outdoor in a report on Monday, October 26th. Truist Financial set a $95.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, October 23rd. UBS Group set a $137.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, October 23rd. Finally, Telsey Advisory Group restated a “market perform” rating and set a $90.00 target price (down from $105.00) on shares of Deckers Outdoor in a research report on Friday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $105.81.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $82.07 on Friday. Deckers Outdoor Corporation has a 1 year low of $77.20 and a 1 year high of $122.29. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 1.31 and a beta of 1.12. The business’s 50 day moving average price is $82.65 and its 200-day moving average price is $99.27.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.52. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Deckers Outdoor had a net margin of 19.18% and a return on equity of 42.42%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 EPS. On average, sell-side analysts expect that Deckers Outdoor Corporation will post 7.90 earnings per share for the current year.

Deckers Outdoor Profile

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.