Roundview Capital LLC acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,965 shares of the textile maker’s stock, valued at approximately $1,542,000.
Other hedge funds have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. acquired a new stake in Deckers Outdoor during the 1st quarter valued at approximately $34,000. Cromwell Holdings LLC grew its stake in Deckers Outdoor by 4,766.7% during the 2nd quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 429 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in Deckers Outdoor during the 1st quarter valued at approximately $47,000. Banque Transatlantique SA acquired a new stake in Deckers Outdoor during the 1st quarter valued at approximately $51,000. Finally, Costello Asset Management INC acquired a new stake in Deckers Outdoor during the 1st quarter valued at approximately $78,000. Institutional investors and hedge funds own 97.79% of the company’s stock.
Deckers Outdoor Trading Down 3.9%
Shares of NYSE DECK opened at $98.04 on Wednesday. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98. The stock’s 50 day simple moving average is $110.14 and its 200 day simple moving average is $109.78.
Wall Street Analyst Weigh In
DECK has been the topic of a number of research analyst reports. Argus initiated coverage on Deckers Outdoor in a report on Friday, June 13th. They set a “hold” rating on the stock. Truist Financial increased their target price on Deckers Outdoor from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Raymond James Financial increased their target price on Deckers Outdoor from $123.00 to $137.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Bank of America increased their target price on Deckers Outdoor from $120.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Finally, Wells Fargo & Company increased their target price on Deckers Outdoor from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and a consensus target price of $136.32.
Read Our Latest Stock Analysis on DECK
Insiders Place Their Bets
In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction 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 sale, the director owned 10,979 shares of the company’s stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by insiders.
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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