EFG Asset Management North America Corp. Boosts Stock Holdings in Deckers Outdoor Corporation $DECK

EFG Asset Management North America Corp. raised its stake in Deckers Outdoor Corporation (NYSE:DECK) by 28.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,185 shares of the textile maker’s stock after acquiring an additional 5,820 shares during the period. EFG Asset Management North America Corp.’s holdings in Deckers Outdoor were worth $2,654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Deckers Outdoor in the second quarter worth about $223,036,000. Tredje AP fonden increased its stake in Deckers Outdoor by 507.2% in the 2nd quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock worth $133,012,000 after acquiring an additional 1,077,965 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Deckers Outdoor by 46.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after acquiring an additional 541,657 shares in the last quarter. AMF Tjanstepension AB boosted its position in shares of Deckers Outdoor by 83.0% during the 2nd quarter. AMF Tjanstepension AB now owns 1,091,975 shares of the textile maker’s stock valued at $112,550,000 after acquiring an additional 495,240 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Deckers Outdoor by 19.4% in the second quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock valued at $286,660,000 after purchasing an additional 452,081 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DECK shares. TD Cowen reaffirmed a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Sanford C. Bernstein restated an “underperform” rating on shares of Deckers Outdoor in a research report on Monday. Stifel Nicolaus raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Tuesday, November 18th. Needham & Company LLC reissued a “buy” rating on shares of Deckers Outdoor in a research note on Thursday, January 8th. Finally, Raymond James Financial set a $115.00 price objective on Deckers Outdoor and gave the company a “strong-buy” rating in a research note on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Hold” and an average price target of $117.74.

Deckers Outdoor Stock Performance

DECK opened at $100.00 on Wednesday. The stock’s 50 day moving average price is $98.85 and its 200-day moving average price is $101.39. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $223.98. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 4.57 and a beta of 1.15.

Insiders Place Their Bets

In other news, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction on Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the completion of the sale, the insider directly owned 34,020 shares in the company, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.

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.