Fifth Third Bancorp lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 121.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,043 shares of the textile maker’s stock after buying an additional 2,764 shares during the period. Fifth Third Bancorp’s holdings in Deckers Outdoor were worth $520,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Deckers Outdoor during the first quarter worth $34,000. Olde Wealth Management LLC purchased a new position in shares of Deckers Outdoor during the first quarter worth $47,000. Banque Transatlantique SA purchased a new position in shares of Deckers Outdoor during the first quarter worth $51,000. Costello Asset Management INC purchased a new position in shares of Deckers Outdoor during the first quarter worth $78,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Deckers Outdoor by 23.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 822 shares of the textile maker’s stock worth $85,000 after purchasing an additional 158 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.
Deckers Outdoor Trading Down 2.5%
Shares of NYSE DECK opened at $103.17 on Tuesday. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98. The stock has a market cap of $15.30 billion, a PE ratio of 15.82, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a 50-day moving average of $111.14 and a 200 day moving average of $110.38.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $120.00 target price on shares of Deckers Outdoor in a report on Friday, July 25th. Raymond James Financial raised their target price on shares of Deckers Outdoor from $123.00 to $137.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Argus assumed coverage on shares of Deckers Outdoor in a report on Friday, June 13th. They set a “hold” rating for the company. Needham & Company LLC reissued a “buy” rating and set a $128.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. Finally, Bank of America lifted their price objective on shares of Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $136.32.
Read Our Latest Analysis on Deckers Outdoor
Insider Buying and Selling at Deckers Outdoor
In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director owned 10,979 shares of the company’s stock, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.
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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