MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 746 Shares of Deckers Outdoor Co. (NYSE:DECK)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 4.9% during the fourth quarter, HoldingsChannel reports. The fund owned 16,092 shares of the textile maker’s stock after purchasing an additional 746 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Deckers Outdoor were worth $3,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in shares of Deckers Outdoor by 109.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock valued at $91,965,000 after purchasing an additional 235,091 shares in the last quarter. Navellier & Associates Inc. grew its position in shares of Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock valued at $6,053,000 after purchasing an additional 1,791 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Deckers Outdoor by 62.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock valued at $1,407,000 after purchasing an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Deckers Outdoor by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock valued at $203,300,000 after purchasing an additional 32,318 shares in the last quarter. Finally, Amundi grew its position in Deckers Outdoor by 11.0% in the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock worth $225,855,000 after acquiring an additional 108,054 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DECK shares. KeyCorp cut their target price on shares of Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, April 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research report on Friday. Barclays cut their target price on shares of Deckers Outdoor from $231.00 to $129.00 and set an “overweight” rating for the company in a research report on Monday, May 12th. Wells Fargo & Company upped their target price on shares of Deckers Outdoor from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 14th. Finally, Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.16.

Deckers Outdoor Trading Down 0.5%

Shares of NYSE:DECK opened at $127.22 on Tuesday. The company has a market cap of $19.31 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The company has a 50-day moving average price of $114.30 and a 200-day moving average price of $159.24. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98.

Insider Activity

In related news, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

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.