54,998 Shares of Deckers Outdoor Corporation $DECK Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 54,998 shares of the textile maker’s stock, valued at approximately $4,298,000.

A number of other large investors have also made changes to their positions in DECK. BlackRock Inc. acquired a new position in shares of Deckers Outdoor in the second quarter valued at approximately $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Deckers Outdoor by 21.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker’s stock worth $210,157,000 after purchasing an additional 374,923 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Deckers Outdoor by 123.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker’s stock worth $180,464,000 after buying an additional 995,099 shares in the last quarter. Amundi boosted its stake in Deckers Outdoor by 13.2% during the 1st quarter. Amundi now owns 1,611,174 shares of the textile maker’s stock valued at $161,262,000 after acquiring an additional 187,702 shares during the last quarter. Finally, Caisse de depot et placement du Quebec acquired a new position in Deckers Outdoor during the 2nd quarter worth $119,656,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DECK. Telsey Advisory Group reissued a “market perform” rating and issued a $90.00 price objective (down from $105.00) on shares of Deckers Outdoor in a report on Friday, October 23rd. Truist Financial set a $95.00 target price on shares of Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, October 23rd. Wells Fargo & Company set a $70.00 target price on shares of Deckers Outdoor and gave the stock an “underweight” rating in a report on Friday, October 23rd. Weiss Ratings lowered Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Finally, Jefferies Financial Group lowered their price target on shares of Deckers Outdoor from $130.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, October 23rd. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average target price of $104.57.

Deckers Outdoor Price Performance

NYSE DECK traded down $0.89 on Friday, hitting $86.85. 2,208,697 shares of the company were exchanged, compared to its average volume of 3,548,139. Deckers Outdoor Corporation has a twelve month low of $77.20 and a twelve month high of $122.29. The firm has a market capitalization of $11.59 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.10. The company’s 50 day moving average price is $82.35 and its 200-day moving average price is $98.91.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.52. Deckers Outdoor had a net margin of 19.18% and a return on equity of 42.42%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm posted $1.82 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts expect that Deckers Outdoor Corporation will post 7.90 EPS for the current year.

Deckers Outdoor Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.