Harel Insurance Investments & Financial Services Ltd. raised its position in Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 15.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,370 shares of the textile maker’s stock after purchasing an additional 7,384 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Deckers Outdoor were worth $5,703,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. American National Bank & Trust grew its stake in shares of Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after buying an additional 106 shares in the last quarter. True Wealth Design LLC raised its position in Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 244 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. CVA Family Office LLC grew its position in Deckers Outdoor by 137.4% in the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after acquiring an additional 180 shares in the last quarter. Finally, Rakuten Securities Inc. increased its stake in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.
Deckers Outdoor Stock Down 2.3%
DECK opened at $100.69 on Friday. The stock’s 50 day moving average price is $96.32 and its two-hundred day moving average price is $101.64. The firm has a market capitalization of $14.68 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 4.54 and a beta of 1.15. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $223.98.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on DECK. 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 research note on Thursday, September 25th. UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a research report on Tuesday, December 30th. Piper Sandler lowered Deckers Outdoor from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $100.00 to $85.00 in a report on Wednesday, January 7th. Truist Financial set a $115.00 price objective on Deckers Outdoor in a research note on Wednesday. Finally, Jefferies Financial Group set a $102.00 target price on Deckers Outdoor and gave the stock a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Hold” and an average price target of $117.58.
Read Our Latest Research Report on Deckers Outdoor
Insider Activity
In other news, insider Angela Ogbechie sold 1,460 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $81.45, for a total transaction of $118,917.00. Following the transaction, the insider owned 34,020 shares in the company, valued at approximately $2,770,929. The trade was a 4.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.
About Deckers Outdoor
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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