DNB Asset Management AS Acquires 52,468 Shares of Deckers Outdoor Corporation $DECK

DNB Asset Management AS lifted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 544,695 shares of the textile maker’s stock after acquiring an additional 52,468 shares during the quarter. DNB Asset Management AS owned approximately 0.37% of Deckers Outdoor worth $56,469,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Investment Management Ltd purchased a new stake in Deckers Outdoor in the third quarter worth $2,027,000. Allspring Global Investments Holdings LLC grew its stake in Deckers Outdoor by 24.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after purchasing an additional 81,345 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Deckers Outdoor by 46.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker’s stock worth $6,062,000 after purchasing an additional 18,900 shares during the period. Lombard Odier Asset Management USA Corp purchased a new stake in Deckers Outdoor in the third quarter worth $1,142,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in Deckers Outdoor by 15.1% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 56,370 shares of the textile maker’s stock worth $5,703,000 after purchasing an additional 7,384 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

DECK stock opened at $93.48 on Friday. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $131.58. The business’s 50-day moving average is $102.75 and its two-hundred day moving average is $101.14. The company has a market cap of $13.27 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 2.04 and a beta of 1.14.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DECK. Zacks Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Piper Sandler reissued an “underweight” rating and issued a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Evercore set a $108.00 target price on Deckers Outdoor in a research note on Friday, January 30th. Barclays reissued an “overweight” rating and issued a $143.00 target price (up from $113.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $120.00 target price (up from $105.00) on shares of Deckers Outdoor in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $124.80.

About Deckers Outdoor

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.