Federated Hermes Inc. Has $67.35 Million Position in Deckers Outdoor Corporation $DECK

Federated Hermes Inc. trimmed its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 61.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664,381 shares of the textile maker’s stock after selling 1,041,253 shares during the quarter. Federated Hermes Inc. owned approximately 0.45% of Deckers Outdoor worth $67,348,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DECK. Revolve Wealth Partners LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after acquiring an additional 522 shares during the last quarter. Empowered Funds LLC increased its holdings in Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 6,384 shares in the last quarter. Focus Partners Wealth raised its position in Deckers Outdoor by 8.1% in the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after purchasing an additional 521 shares during the last quarter. Finally, Perigon Wealth Management LLC bought a new position in Deckers Outdoor in the second quarter valued at about $257,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Guggenheim initiated coverage on Deckers Outdoor in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Robert W. Baird cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Evercore ISI dropped their price target on shares of Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating for the company in a research note on Friday, October 17th. TD Cowen reissued a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Finally, KeyCorp upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and a consensus target price of $117.74.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $81.45, for a total value 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. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Down 2.6%

DECK opened at $97.51 on Thursday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $223.98. The company has a fifty day moving average of $99.14 and a 200-day moving average of $101.37. The stock has a market cap of $14.21 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 4.52 and a beta of 1.15.

Deckers Outdoor Company Profile

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.