EFG Asset Management North America Corp. Raises Stock Position in Deckers Outdoor Corporation $DECK

EFG Asset Management North America Corp. grew its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 28.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,185 shares of the textile maker’s stock after acquiring an additional 5,820 shares during the period. EFG Asset Management North America Corp.’s holdings in Deckers Outdoor were worth $2,654,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DECK. American National Bank & Trust raised its position in Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 106 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 244 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after acquiring an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in Deckers Outdoor during the 3rd quarter worth about $30,000. Finally, CVA Family Office LLC grew its holdings in Deckers Outdoor by 137.4% during the 2nd quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after acquiring an additional 180 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DECK shares. Barclays lowered their price target on shares of Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating for the company in a research report on Monday, October 27th. Needham & Company LLC restated a “buy” rating on shares of Deckers Outdoor in a report on Thursday, January 8th. TD Cowen reaffirmed a “buy” rating on shares of Deckers Outdoor in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Tuesday, November 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $117.74.

Deckers Outdoor Trading Down 1.3%

Shares of DECK opened at $100.00 on Wednesday. The firm has a market cap of $14.57 billion, a PE ratio of 14.82, a P/E/G ratio of 4.57 and a beta of 1.15. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $223.98. The stock has a fifty day moving average price of $98.85 and a 200-day moving average price of $101.39.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the completion of the sale, the insider owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

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.