Fairtree Asset Management Pty Ltd Has $2.29 Million Stock Holdings in Deckers Outdoor Corporation $DECK

Fairtree Asset Management Pty Ltd boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 122.1% during the fourth quarter, HoldingsChannel reports. The fund owned 22,046 shares of the textile maker’s stock after purchasing an additional 12,121 shares during the quarter. Deckers Outdoor comprises 1.1% of Fairtree Asset Management Pty Ltd’s holdings, making the stock its 28th largest position. Fairtree Asset Management Pty Ltd’s holdings in Deckers Outdoor were worth $2,286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its position in Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares during the period. Elyxium Wealth LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Deckers Outdoor during the 3rd quarter worth approximately $30,000. Rakuten Securities Inc. raised its position in shares of Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the period. Finally, Activest Wealth Management raised its holdings in Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after buying an additional 245 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 0.4%

NYSE DECK opened at $94.19 on Wednesday. The stock’s 50-day simple moving average is $102.30 and its two-hundred day simple moving average is $101.34. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 2.03 and a beta of 1.14. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $131.58.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “sell” rating and set a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective for the company in a report on Friday, January 30th. 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 report on Monday, January 26th. Wells Fargo & Company lowered shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $115.00 to $90.00 in a research report on Friday, May 8th. Finally, Barclays reiterated an “overweight” rating and set a $143.00 price objective (up from $113.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $122.42.

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.