Deckers Outdoor Corporation $DECK Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in DECK. Orion Capital Management LLC purchased a new stake in Deckers Outdoor in the 2nd quarter valued at $30,000. Continuum Advisory LLC purchased a new stake in shares of Deckers Outdoor in the second quarter valued at about $38,000. Pension & Wealth Management Advisors Inc. acquired a new stake in Deckers Outdoor during the third quarter worth about $31,000. SBI Securities Co. Ltd. raised its stake in Deckers Outdoor by 49.1% during the third quarter. SBI Securities Co. Ltd. now owns 601 shares of the textile maker’s stock worth $47,000 after purchasing an additional 198 shares during the period. Finally, Toth Financial Advisory Corp raised its stake in Deckers Outdoor by 785.7% during the third quarter. Toth Financial Advisory Corp now owns 620 shares of the textile maker’s stock worth $48,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on DECK shares. Needham & Company LLC reduced their target price on Deckers Outdoor from $125.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Sanford C. Bernstein dropped their price target on shares of Deckers Outdoor from $105.00 to $100.00 in a research report on Friday, October 23rd. The Goldman Sachs Group reissued a “sell” rating and issued a $75.00 price target (down from $86.00) on shares of Deckers Outdoor in a research note on Friday, October 23rd. Truist Financial set a $95.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, October 23rd. Finally, Argus dropped their target price on shares of Deckers Outdoor from $128.00 to $102.00 and set a “buy” rating for the company in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and an average target price of $104.57.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded down $0.89 during mid-day trading on Friday, hitting $86.85. The company had a trading volume of 2,208,697 shares, compared to its average volume of 3,548,139. The company has a market capitalization of $11.59 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.10. The business’s 50-day simple moving average is $82.35 and its 200 day simple moving average is $98.91. Deckers Outdoor Corporation has a 1-year low of $77.20 and a 1-year high of $122.29.

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

Deckers Outdoor Company 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.