Leonteq Securities AG Takes $1.97 Million Position in Deckers Outdoor Corporation $DECK

Leonteq Securities AG purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,036 shares of the textile maker’s stock, valued at approximately $1,973,000.

A number of other institutional investors also recently modified their holdings of the company. Viking Global Investors LP bought a new stake in shares of Deckers Outdoor in the third quarter valued at about $175,058,000. Northern Trust Corp lifted its holdings in shares of Deckers Outdoor by 3.6% in the third quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock valued at $174,513,000 after purchasing an additional 60,029 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Deckers Outdoor by 12.9% in the third quarter. Wellington Management Group LLP now owns 1,445,580 shares of the textile maker’s stock valued at $146,538,000 after purchasing an additional 165,384 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Deckers Outdoor by 29.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,442,771 shares of the textile maker’s stock valued at $146,254,000 after purchasing an additional 331,794 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Deckers Outdoor by 9.2% in the third quarter. TD Asset Management Inc now owns 1,378,343 shares of the textile maker’s stock valued at $139,723,000 after purchasing an additional 116,310 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $98.05 on Thursday. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 2.03 and a beta of 1.14. The business has a 50-day moving average of $102.17 and a 200-day moving average of $101.46. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $127.95.

Analyst Ratings Changes

A number of analysts have recently commented on DECK shares. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. Stifel Nicolaus boosted their price target on Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 30th. Barclays restated an “overweight” rating and issued a $143.00 price objective (up from $113.00) on shares of Deckers Outdoor in a report on Friday, January 30th. UBS Group restated a “buy” rating and issued a $145.00 price objective (down from $161.00) on shares of Deckers Outdoor in a report on Thursday, May 14th. Finally, Argus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $122.42.

Deckers Outdoor Company Profile

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.