Ethic Inc. Has $2.03 Million Stake in Deckers Outdoor Corporation $DECK

Ethic Inc. decreased its position in Deckers Outdoor Corporation (NYSE:DECK) by 27.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 19,456 shares of the textile maker’s stock after selling 7,326 shares during the period. Ethic Inc.’s holdings in Deckers Outdoor were worth $2,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. acquired a new position in shares of Deckers Outdoor in the first quarter valued at approximately $34,000. Olde Wealth Management LLC acquired a new position in shares of Deckers Outdoor in the first quarter valued at approximately $47,000. Cromwell Holdings LLC grew its position in shares of Deckers Outdoor by 4,766.7% in the second quarter. Cromwell Holdings LLC now owns 438 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 429 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of Deckers Outdoor in the first quarter valued at approximately $51,000. Finally, Costello Asset Management INC acquired a new position in shares of Deckers Outdoor in the first quarter valued at approximately $78,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Needham & Company LLC reduced their price target on Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday. KeyCorp raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a research report on Friday. The Goldman Sachs Group reduced their price target on Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a research report on Friday. Finally, Cowen reissued a “buy” rating on shares of Deckers Outdoor in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $119.58.

Deckers Outdoor Price Performance

NYSE DECK opened at $87.16 on Friday. The business has a fifty day moving average price of $108.65 and a two-hundred day moving average price of $108.60. Deckers Outdoor Corporation has a fifty-two week low of $86.83 and a fifty-two week high of $223.98. The stock has a market capitalization of $12.93 billion, a PE ratio of 12.91, a PEG ratio of 3.33 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.25% and a net margin of 19.47%.The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the company earned $1.59 EPS. Deckers Outdoor’s revenue was up 9.1% compared to the same quarter last year. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares in the company, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by insiders.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.