State of Alaska Department of Revenue trimmed its position in Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,087 shares of the textile maker’s stock after selling 690 shares during the quarter. State of Alaska Department of Revenue’s holdings in Deckers Outdoor were worth $1,761,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Revolve Wealth Partners LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter worth $247,000. NBC Securities Inc. lifted its stake in Deckers Outdoor by 106,566.7% in the first quarter. NBC Securities Inc. now owns 3,200 shares of the textile maker’s stock valued at $357,000 after buying an additional 3,197 shares during the period. Merit Financial Group LLC raised its position in shares of Deckers Outdoor by 52.3% during the first quarter. Merit Financial Group LLC now owns 2,107 shares of the textile maker’s stock worth $236,000 after purchasing an additional 724 shares during the period. RFG Advisory LLC raised its position in shares of Deckers Outdoor by 10.8% during the first quarter. RFG Advisory LLC now owns 2,343 shares of the textile maker’s stock worth $262,000 after purchasing an additional 229 shares during the period. Finally, Unique Wealth LLC raised its position in shares of Deckers Outdoor by 57.1% during the first quarter. Unique Wealth LLC now owns 2,962 shares of the textile maker’s stock worth $331,000 after purchasing an additional 1,077 shares during the period. 97.79% of the stock is currently owned by institutional investors.
Deckers Outdoor Trading Down 0.7%
Shares of NYSE DECK opened at $103.05 on Friday. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The stock has a 50 day moving average of $110.62 and a 200-day moving average of $110.08. The company has a market capitalization of $15.29 billion, a P/E ratio of 15.80, a P/E/G ratio of 3.96 and a beta of 1.05.
Insider Activity at Deckers Outdoor
In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.
Analyst Ratings Changes
DECK has been the topic of a number of research analyst reports. UBS Group raised their price target on Deckers Outdoor from $144.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Evercore ISI raised their price target on Deckers Outdoor from $110.00 to $115.00 and gave the stock an “in-line” rating in a research report on Friday, July 25th. The Goldman Sachs Group dropped their target price on Deckers Outdoor from $90.00 to $87.00 and set a “sell” rating on the stock in a research report on Tuesday, July 22nd. Needham & Company LLC reissued a “buy” rating and issued a $128.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a research report on Wednesday, July 23rd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $120.00 target price on shares of Deckers Outdoor in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and a consensus price target of $136.32.
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Deckers Outdoor 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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